Ogun State Partners With Manufacturing Africa, Hinckley E-waste Recycling to Boost Manufacturing Sector
Ogun State government has announced a partnership with Manufacturing Africa, an initiative of the UK government’s Foreign, Commonwealth and Development Office (FCDO), and Hinckley E-Waste Recycling Ltd to revitalize the state’s manufacturing sector.
According to Ms. Sola Arobieke, Special Adviser/DDG of OgunInvest, the partnership is expected to bring significant benefits to the state. Manufacturing Africa Programme plays a vital role in supporting industrial development and innovation across Africa, while FCDO is committed to advancing manufacturing capabilities and promoting sustainable practices. The partnership will leverage FCDO’s expertise in market studies and corporate finance support to foster a robust manufacturing ecosystem in Ogun State and Nigeria.
Hinckley E-Waste Recycling Ltd, a pioneering leader in electronic waste management, will establish the first lithium-ion and lead acid battery recycling and treatment plant in Africa, with a $5 million investment in the first year. This project is expected to create 100 direct jobs and is supported by Manufacturing Africa’s market study and corporate finance assistance. Hinckley Recycling became the first government-approved E-Waste recycler in Nigeria in 2016, and its innovative approach promotes environmental conservation and best practices in electronic waste management.
The partnership is expected to have a profound impact on Ogun State’s economy. With the creation of 90,000 jobs over seven years in Africa, and an additional 100 jobs through the battery recycling facility, the state will benefit significantly from foreign direct investment. Furthermore, access to UK-patented battery recycling technology will establish Ogun State as a technological leader in battery recycling across Africa. Sustainable e-waste recycling will also mitigate environmental pollution and safeguard public health, particularly by preventing lead poisoning and child labor related to unsafe recycling practices.
The partnership showcases Ogun State as an investor-friendly region, solidifying its position as the preferred destination for industrial investments in Nigeria. Ogun State Investment Promotion and Facilitation Agency (OgunInvest) is dedicated to enhancing the state’s economic growth and promoting it as the premier investment destination in Nigeria. The agency provides comprehensive support services to investors, offering a one-stop solution for investment facilitation.
A joint press conference is scheduled for today, September 18th, 2024, at 4 pm, at the Olusegun Osoba Press Centre, featuring prominent stakeholders, including the Chief Economic Adviser and Finance Commissioner of Ogun State, Mr. Dapo Okubadejo, and the British High Commissioner to Nigeria, Mr. Richard Montgomery CMG.
