OMG! Ogun state set to welcome billion dollar investment

• British High Commissioner to Nigeria has committed to a of a $5 million British battery recycling enterprise in Ogun state
• He said the project will be will be the first of its kind in Africa and will make the State the leader in battery recycling
• He said that his nation wants to get involved in the processing of agricultural products, technology, energy, and higher education

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Ogun State is set to become home to a $5 million British battery recycling enterprise.

British high commissioner said the project would be the greatest in Africa once it is up and running. Photo Credit: Ogun State
Source: UGC

British High Commissioner to Nigeria, Richard Montgomery, revealed this on Wednesday, during a courtesy call with state governor Prince Dapo Abiodun at his Oke-Mosan, Abeokuta office.

According to Montgomery in a ThisDay report, the project will be the greatest in Africa once it was up and running.

“The battery we will be manufacturing in Ogun State will be the first of its kind in Africa, and we will make the State the leader in battery recycling in Africa.“For the first time, it is now possible to recycle the cell back into chemical form in Africa and export the black mass, which contains the minerals inside the battery, to make new batteries.“It is really exciting that we received support from Ogun Invest, and officials from the Bureau of Lands confirmed the Certificate of Occupation. We can say that the investment will be about five million dollars, and we want Ogun State to be the place where this industry can grow,” the High Commissioner said.

He noted that his country would like to participate in energy, technology, tertiary education, agricultural processing, and also explore how to find more United Kingdom-linked companies to invest in the state, adding that discussions are ongoing with the state team on how to proceed in the coming year.

Ogun state opened for investment

Governor Abiodun noted that the State has a large expanse of land suitable for the cultivation of food and cash crops, just as large deposits of limestone and other minerals are found in the state.

Abiodun noted that the deliberate provision of road infrastructure and other amenities was to attract more investments to meaningfully impact the lives of the people.

He added that the establishment of the ministry of transportation, the development of the transportation master plan, and the building of a cargo airport were some of his takeaways from participating in a summit in the United Kingdom in 2020.

The governor, who acknowledged the relationship between Nigeria and the United Kingdom, said the state has benefited from the training of its staff, especially those managing the state transport system.

Governor Abiodun said,

“We are open for business. Our administration has made the environment attractive. We have reduced bureaucratic bottlenecks to the barest minimum. We have made land acquisition seamless for investors. We have grown our economy.“Ogun State is effective and forward-thinking. I want to thank the High Commissioner for the support we have enjoyed from the British Foreign Office.”

Dangote set to launch another project

Legit.ng reported that Aliko Dangote, chairman of the Dangote Group, has presented an 11-point industrialisation strategy for Nigeria.

Dangote stated that a knowledge-based system will drive the 11-point master plan at the 38th convocation lecture of Bayero University Kano during the weekend.

Dangote addressed the audience on the "Role of the Private Sector in Building a Sustainable Knowledge Economy in Nigeria." He was represented at the event by his senior advisor, Mansur Ahmed.

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Source: Legit.ng