… transforms over one million lives in Nigeria through clean energy access
Oredola Adeola
All On has revealed that between 2018 and 2024, it invested in more than 50 businesses and, through grants and technical assistance, supported over 80 enterprises, enabling the connection of more than 230,000 households, businesses, and facilities to energy.
The company also revealed that since 2018, the number of energy sector players has doubled, while sector investment has nearly tripled, rising from $90 million to over $250 million.
These disclosures were contained in All On’s newly released Impact Evaluation Report 2025, which was presented during a special session held on Tuesday in Lagos.
The report highlighted how All On’s bold and sustained interventions have reshaped Nigeria’s energy landscape, improving the lives of more than one million people across the country.
According to the report, when All On entered the market in 2016, nearly half of Nigeria’s population lacked access to electricity, while the sector faced an estimated 92 per cent annual funding gap.
Against this backdrop, the company adopted a risk-tolerant strategy that combined catalytic investments, innovative financing mechanisms, and ecosystem-building initiatives to accelerate progress toward universal energy access.
Between 2018 and 2024, All On invested in more than 50 businesses and supported over 80 enterprises through grants and technical assistance, enabling them to connect more than 230,000 households, businesses, and facilities to energy.
These interventions strengthened the operational capacity of energy providers while improving affordability and reliability for end users.
The report also noted that cleaner energy solutions delivered measurable social and environmental benefits, with about half of beneficiary households reporting improved air quality, enhanced safety, and reduced noise pollution, leading to better health outcomes and environmental sustainability.
It further underscored the effectiveness of All On’s holistic support model, which integrates tailored due diligence, deep sector expertise, and sustained ecosystem engagement.
This approach has positioned All On as a trusted partner capable of driving both business growth and systemic change.
Innovative tools such as the Demand Aggregation for Renewable Technology (DART) programme were highlighted for amplifying impact by cutting procurement costs by up to 50 per cent, enabling developers to scale more efficiently and pass savings on to energy consumers.
Beyond individual projects, the report revealed that All On’s interventions have catalysed broader market transformation, reflected in growing investor confidence and a more diversified funding landscape.
Several investees reported that All On’s backing enhanced their visibility and credibility, unlocking additional financing opportunities.
Caroline Eboumbou, All On Chief Executive Officer, commenting on the findings, said the report validates the organisation’s strategy.
“This report confirms that our approach is working. By combining patient capital, technical assistance, and ecosystem support, we have unlocked scalable and sustainable energy solutions for Nigeria’s unserved and underserved communities,” she said.
Eboumbou added that while the progress recorded is significant, more work lies ahead.
“As we look toward 2030, we remain committed to deepening our impact by creating even more meaningful connections in unserved and underserved communities across Nigeria,” the CEO said.
Looking ahead, the organisation reaffirmed its commitment to scaling proven models, strengthening local capacity, and expanding access to underserved regions, with particular focus on the Niger Delta.
All On has therefore reaffirmed that it is well-positioned to drive the next phase of Nigeria’s clean energy transition, leveraging its proven track record and a clearly defined roadmap for sustained growth and improvement.
All On Partnerships for Energy Access (All On), an independent impact investing company, was seeded by Shell to catalyze the growth of Nigeria’s off-grid energy market to provide affordable, reliable, and sustainable energy for low-income households and small businesses.
All On provides debt and equity funding, as well as non-financial support, to Nigerian energy companies that align with its mission of closing Nigeria’s access-to-energy gap through renewable energy solutions.
