By Our Reporter,The Nation
Copyright thenationonlineng
All On, impact investment firm accelerating access to clean energy, has invested $1.5 million in Hinckley E-Waste Recycling Limited, a leading e-waste recycling company in Nigeria.
This will enable Hinckley to establish modern Lithium-ion Battery Recycling and Reuse as well as Used Lead Acid Battery Recycling facilities, the first in Nigeria. These will address global demand for solar batteries and need to manage electronic waste.
The investment aligns with insight from “Market Research on the Circular Economy on the Renewable Energy Sector in Nigeria”, a report sponsored by All On.
It highlighted environmental and health risks posed by improper disposal of solar components as lithium-ion and lead-acid batteries and emphasised need for commercially driven recycling to support a circular economy.
“As Nigeria’s clean energy sector expands, so does the volume of electronic waste,” said Caroline Eboumbou, chief executive of All On. “Our investment in Hinckley is a response to findings of our research, and reflects our commitment to building a sustainable battery supply chain that supports value creation, environmental stewardship, and growth.”
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Oluseye Bassir, Investment Manager at All On, added “Hinckley’s model addresses environmental hazards of e-waste and the economic opportunity in recycling. This investment will ensure that adoption of renewable energy systems will not create serious pollution problems caused by poor disposal of batteries and other e-waste. This will make the sector more sustainable.”
Beyond environmental impact, the project is expected to reduce cost of solar products, create jobs, and foster ecosystem development in clean energy and recycling.
Adrian Clews, chief executive at Hinckley added “Through this investment, we will strengthen our commitment to environmental care and livelihood enhancement—shifting informal e-waste collection into organised systems and building recycling facilities that comply with global standards. Our goal is to manage Nigeria’s complex e-waste stream safely, responsibly, and sustainably. At Hinckley, we recognise that enhancing e-waste recycling infrastructure could reduce health and environmental risks and support the thousands of men and women who work in the waste collection sector.
