Hinckley E-Waste Recycling Limited has secured a US$1.5 million equity investment from impact investment firm All On to establish Nigeria’s first lithium-ion and lead-acid battery recycling facilities. The project represents a significant milestone in advancing the circular economy and tackling the growing environmental risks associated with battery disposal in the country’s expanding clean energy sector.
The facilities will provide a formal system for recovering and reusing lithium-ion and lead-acid batteries, which are widely used in solar energy products. With the increasing adoption of renewable energy solutions across Nigeria, battery waste has become a pressing challenge. The recycling plants are expected not only to reduce pollution and health hazards linked to improper disposal but also to bring down the cost of solar products, create jobs, and strengthen the country’s fragmented e-waste recycling ecosystem.
The investment builds on insights from a recent All On-sponsored report on Nigeria’s renewable energy transition, which highlighted the urgent need for commercially viable recycling infrastructure. “As Nigeria’s clean energy sector expands, so does the volume of electronic waste,” said All On’s Chief Executive Officer. “Our investment in Hinckley reflects our commitment to building a sustainable battery supply chain that supports local value creation, environmental stewardship, and inclusive growth.”
All On’s Investment Manager added that Hinckley’s model not only addresses environmental hazards but also opens economic opportunities within the recycling value chain. He explained that without sustainable recycling systems, the mass adoption of renewable energy could lead to serious pollution from discarded batteries.
Hinckley’s Chief Executive Officer noted that the company aims to shift e-waste collection from largely informal operations into a structured process that complies with global standards. “We are committed to managing Nigeria’s growing and complex e-waste stream safely, responsibly, and sustainably,” he said.
The partnership between All On and Hinckley is being positioned as a game changer for Nigeria’s clean energy landscape, ensuring that the country’s renewable energy expansion does not come at the expense of environmental sustainability.
