Ogun State Secures $5 Million British Investment in Africa’s First Battery Recycling Plant

Ogun State is set to host Africa’s first battery recycling plant, a $5 million investment by a British company specializing in sustainable waste management. The announcement was made by the UK High Commissioner to Nigeria, Mr. Richard Montgomery, during a visit to the office of Governor Prince Dapo Abiodun at Oke-Mosan, Abeokuta. This groundbreaking initiative, a collaborative effort between the British firm, Ogun Invest, and the Bureau of Lands, is set to revolutionize battery recycling in Africa.

The state-of-the-art facility will utilize cutting-edge technology to recycle e-waste, converting used battery cells back into their chemical components. These minerals will then be exported for new battery production, positioning Ogun State as a leader in the sustainable energy sector on the continent.

“This investment aligns with our commitment to sustainable development and economic growth,” said Governor Dapo Abiodun. “Ogun State’s strategic location, industrial capacity, and commitment to a business-friendly environment have attracted this pioneering project. This facility will not only create jobs but also set a benchmark for e-waste management in Africa.”

The UK High Commissioner emphasized the broader scope of British interest in Ogun State, highlighting ongoing discussions in sectors such as energy, technology, agriculture, and education. British International Investment (BII) has already made significant inroads with support for cashew processing in the state and is exploring technical assistance opportunities for Ogun’s mass transit system.

Ogun State’s strategic positioning as an industrial hub is bolstered by its abundant natural resources, expansive land, and deliberate infrastructure development. Under Governor Abiodun’s administration, the state has streamlined its investment processes, cutting down bureaucratic barriers to create an environment conducive to business.

“We are delighted to strengthen our partnership with Britain,” Governor Abiodun continued. “This battery recycling plant is just the beginning. With continued collaboration, we aim to further diversify our economy, create sustainable jobs, and improve the quality of life for our citizens. Ogun State is open for business, and we look forward to welcoming more international investors.”

This landmark investment reflects the growing economic ties between the UK and Nigeria, with Ogun State at the forefront of harnessing these opportunities to drive technological advancement and economic transformation.