All On Injects $1.5 Million Into Nigeria’s First Battery Recycling Plants

By NINI NDUONOFIT-AKOH

HINCKLEY E-Waste Recycling Limited has secured a $1.5 million equity investment from All On, an impact investor focused on clean energy access in Nigeria.

The funding will enable Hinckley to establish Nigeria’s first state-of-the-art recycling plants for lithium-ion and lead-acid batteries, tackling the country’s rising e-waste challenge while supporting a circular economy.

The initiative is expected to reduce health and environmental risks linked to poor battery disposal, lower the cost of solar products, create jobs, and strengthen Nigeria’s renewable energy supply chain.

All On CEO, Caroline Eboumbou, said the investment reflects findings from a recent circular economy study, adding that it will promote sustainability, local value creation, and inclusive growth.

Hinckley CEO, Adrian Clews, said the project will help transition Nigeria’s largely informal e-waste sector into an organised system that meets global standards.

All On, seeded by Shell, continues to provide financial and technical support to renewable energy companies closing Nigeria’s access-to-energy gap.