To meet the growing demand in Nigeria’s energy sector, MMNL plans to double its production capacity to 60,000 units per month in the next financial year. “We are proud to be the first and only made-in-Nigeria inverter battery company that dominates over 40 per cent of market share. The company has invested $25 million in a battery production and lead oxide manufacturing plant in Shagamu, Ogun State. With 14 years of manufacturing experience in Nigeria, MMNL has established a high entry barrier for new and existing competitors in the tubular battery manufacturing sector. The company’s dedication to quality and innovation has been recognised with multiple awards, including the ECOWAS Inverter Battery Company of the Year, ECOWAS Inverter Battery Manufacturing Company of the Year, and ECOWAS Renewable Company of the Year.

Source: Nigerian Tribune May 26, 2024 22:57 UTC