All On Backs $1.5m Investment in Nigeria’s Pioneering E-Waste Recycling Plants

Hinckley E-Waste Recycling Limited has secured a $1.5 million equity investment from All On, an impact investor dedicated to accelerating access to clean energy in Nigeria.

The funding will enable Hinckley to establish state-of-the-art recycling facilities for lithium-ion and used lead-acid batteries—marking the first of their kind in the country.

All On said the investment aligns with findings from a market study on renewable energy’s circular economy, which identified significant environmental and health hazards linked to the improper disposal of solar batteries and components.

Chief Executive Officer of All On, Caroline Eboumbou, said the move reflects the company’s commitment to environmental sustainability and value creation. “Our investment in Hinckley addresses the urgent need to build a sustainable battery supply chain in Nigeria, one that protects the environment while creating jobs and opportunities,” she said.

Investment Manager at All On, Oluseye Bassir, added that the project will reduce the risks of pollution associated with battery waste and strengthen the long-term sustainability of Nigeria’s clean energy sector.

Hinckley’s Chief Executive Officer, Adrian Clews, described the investment as a chance to transition informal e-waste collection into structured systems. He said the facilities would comply with global standards while supporting thousands of Nigerians who currently work in the waste sector.

He emphasized that the initiative will not only reduce environmental hazards but also lower solar energy costs, create jobs, and drive growth in the recycling ecosystem.