Connect with us

Headlines

UK announces  $5m investment to establish first recycling facility in Nigeria

Published

on

UK announces  $5m investment to establish first recycling facility in Nigeria

UK announces  $5m investment to establish first recycling facility in Nigeria

The British High Commissioner, Dr Richard Montgomery, has announced a United Kingdom (UK)- sponsored five million dollar investment to establish the first battery recycling facility in Nigeria.

This is according to a statement by Atinuke Akande-Alegbe, Senior Communications and Public Diplomacy Officer at the British High Commission on Friday in Abuja.

Montgomery said that the announcement and signing of a letter of intent by UK company, Hinckley, to establish the facility in Ogun state was made when he visited Gov. Dapo Abiodun.

According to him, the five million dollar investment provided by UK’s Manufacturing Africa (MA) will create a lithium-ion battery and lead acid battery recycling and treatment plant in Ogun State, using patented recycling technology.

“It is fantastic that Hinckley Recycling is committing to establish the first battery recycling facility in Nigeria, creating a new high-value addition export industry in Ogun State and 100 new jobs.

“Congratulations to the Commissioners and to OgunInvest who worked with Hinckley to make this groundbreaking project a reality.

“The UK fully supports the governor’s mission to bring new investment and new jobs into Ogun State.

“The UK Government’s development finance bank, British International Investment, invested 15 million dollars into Valency International last year.

“And the UK’s Manufacturing Africa programme is supporting four other companies in Ogun State to raise capital and expand their production facilities,” he said.

Meanwhile, the envoy, who also visited Lagos state,  underscored the UK’s commitment to strengthening bilateral relations and supporting development initiatives in Nigeria.

During the four-day visit, the High Commissioner met with Governor Dapo Abiodun of Ogun State and Governor Babajide Sanwo-Olu of Lagos State.

He engaged in discussions focused on enhancing economic ties, investment opportunities and future priorities that could be beneficial to both Lagos and Ogun states, and the UK.

According to Montgomery, his visit to Lagos and Ogun States reinforced the strong ties between our two great countries.

He said that both states were key to boosting Nigeria’s economic prosperity.

The envoy,  therefore,   reiterated the UK’s commitment to driving growth, promoting trade and supporting their developments.

In Lagos,  Montgomery also met with Chief Emeka Anyaoku, and some business leaders in Nigeria, including the CEOs of Airtel Nigeria, Standard Chartered, Nigeria Helios Investment Partners, Afrinvest and KPMG West Africa.

Headlines

Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters

Published

on

Trump Victory Sparks Celebration in Florida, Disappointment for Harris Supporters

Jubilant supporters celebrated Donald Trump’s apparent victory in Florida early Wednesday as he claimed a return to the White House, despite most major news networks holding off on officially calling the race.

At an event in Palm Beach, Trump supporters reveled in the win projected by Fox News, cheering as the former president declared a “political victory that our country has never seen before.”

“I feel extraordinary,” said 68-year-old supporter Ted Sarvanis, dancing with arms in the air. “This is the greatest American political story in the history of the country.”

Joined by running mate J.D. Vance, Trump took the stage, celebrating his projected win. The atmosphere at the convention center was electric, with supporters sporting “Make America Great Again” caps and mingling in formal attire and Trump-themed clothing.

“I feel relieved. I was a little bit scared because you never know how things are going to turn out,” said Stacy Kurtz, 45.

In contrast, a far different scene unfolded for Vice President Kamala Harris’s supporters at Howard University in Washington, where they were hoping for a Democratic win.

As the night wore on and Trump gained electoral votes in key battleground states, disappointment swept through the crowd.

“I am scared, I am anxious now,” said Charlyn Anderson earlier in the evening.

Democratic watch parties in places like Atlanta and Pennsylvania grew somber as results rolled in, with Lynn Johnson, 65, expressing concern, “It’s going to be dangerous if he wins. I don’t feel safe.”

While Trump’s supporters celebrated a comeback, the mood among Democrats was marked by worry and disbelief.

“He’s a terrible candidate, so it just doesn’t make sense,” said Harris supporter Ken Brown.

The contrasting scenes highlighted the nation’s deep political divide on election night.

Continue Reading

Headlines

Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties

Published

on

Tinubu Congratulates Trump on Historic Re-Election, Eyes Stronger U.S.-Nigeria Ties

President Bola Tinubu has extended warm congratulations to President Donald Trump on his re-election as the 47th President of the United States, expressing optimism for stronger ties between Nigeria and the U.S. in an era of global challenges.

The congratulatory message, issued by Tinubu’s Special Adviser on Information & Strategy, Bayo Onanuga, emphasises the Nigerian leader’s hopes for a renewed partnership between the two nations.

Following his victory on Wednesday, Trump pledged to “heal” the country, marking a stunning political comeback as he edged past Kamala Harris in a closely contested election.

Tinubu, in his message, affirmed, “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.”

Tinubu highlighted that Trump’s return to the White House reflects the trust and confidence of the American people in his leadership, praising their commitment to democracy.

Given Trump’s experience from 2017 to 2021 as the 45th President, Tinubu foresees a new era of “earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States.”

The Nigerian President also expressed confidence that Trump’s leadership will contribute to peace and prosperity worldwide, acknowledging America’s significant influence on global affairs.

Continue Reading

Headlines

Peter Obi Calls for Lasting Solution to Nigeria’s Power Crisis

Published

on

Peter Obi Calls for Lasting Solution to Nigeria’s Power Crisis

Former presidential candidate Peter Obi has urged the federal government to find lasting solutions to Nigeria’s ongoing power crisis following yet another national grid collapse, leaving Nigerians in darkness.

Posting on his X handle, Obi highlighted the frequency of grid failures, noting that since January 2024, the grid has collapsed ten times, with three incidents occurring in October alone.

Contrasting Nigeria’s power struggles with South Africa’s recent achievements, Obi stated, “Just a few days ago, on the 25th of October, South Africa, which was Africa’s second-largest economy until recently, celebrated seven months of uninterrupted power supply. South Africa generates about 40,000 MW of electricity, while Nigeria struggles to generate and distribute just 10% of that.”

Obi criticised the tendency to frame Nigeria’s electricity issues through tribal or religious lenses, stressing, “Is there any tribe in Nigeria that enjoys uninterrupted power supply like South Africa? I am labelled a tribal bigot. When I ask if any religion enjoys special privileges in this crisis, I am called a religious bigot. But I will continue to speak the truth about our situation today.”

He urged Nigerians to set aside “primordial sentiments” and focus on electing leaders capable of advancing development goals. “The solution lies not in tribal or religious affiliations but in visionary leadership and a shared commitment to progress,” Obi stated.

He emphasised the need to prioritize investments in critical areas such as health, education, and electricity to uplift Nigerians and shift from a consumer-driven economy to a productive one.

Continue Reading

You May Like

Copyright © 2024 Acces News Magazine All Right Reserved.

Verified by MonsterInsights