All On’s Renewable Roadmap for Nigeria’s Energy Investment

Nigeria’s renewable energy sector has received a significant boost as All On Partnerships for Energy Access Limited unveiled its investment roadmap during its 10th anniversary in Lagos. The roadmap, according to Punch Newspapers and Vanguard, sets out strategies to deepen clean energy access, mobilise capital, and strengthen partnerships across the country.

All On, established with support from Shell Nigeria, has evolved into one of Nigeria’s leading impact investors in renewable energy. Over the past decade, the organisation has invested in projects that expanded energy access to nearly two million people, particularly in underserved communities.

Chief Executive Officer Caroline Eboumbou reflected on the organisation’s journey, noting that financing alone was insufficient to build a sustainable energy market. “We realised very quickly that we needed to be more than just an investor. Building this market required us to combine catalytic capital with technical assistance, venture support, ecosystem development, and strategic partnerships,” she said.

Representing Lagos State Governor Babajide Sanwo-Olu, Commissioner for Energy and Mineral Resources, Biodun Ogunleye, commended All On for demonstrating that underserved communities could attract sustainable investment. He reaffirmed Lagos State’s commitment to creating an enabling policy environment that encourages innovation and private sector participation in the electricity market.

The event featured a fireside chat between Eboumbou and Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All. Both leaders emphasised the importance of institutions that build markets, strengthen businesses, and mobilise investment beyond individual projects. They agreed that stronger partnerships, innovation, and sustained investment are critical to expanding reliable and affordable energy access across Africa.

A panel discussion moderated by FundCo CEO Abiodun Oni brought together Salpha Energy’s CEO Sandra Dozie and Muhammad Wakil of the Global Energy Alliance for People and Planet. The panel identified local manufacturing, innovative financing, enabling policies, and strategic collaboration as key drivers of future growth in Nigeria’s renewable energy sector.

Dalberg presented an impact assessment of All On’s first decade, highlighting contributions to energy access through catalytic investment, venture building, enabling finance, and ecosystem development. The report noted that All On’s approach supported business growth and created opportunities for underserved communities.

The anniversary also honoured organisations and individuals who have contributed to Nigeria’s renewable energy ecosystem. Awardees included The Rockefeller Foundation, Nigeria Climate Innovation Centre, Sustainable Energy for All, the Rural Electrification Agency, and Shell Nigeria.

Closing the event, All On pledged to continue mobilising catalytic capital, strengthening businesses, fostering innovation, and deepening partnerships to expand access to clean, reliable, and affordable energy across Nigeria.

For Nigeria’s business community and international observers, All On’s renewable investment roadmap represents more than a corporate milestone. It signals a new era of collaboration between government, private investors, and global institutions to tackle one of the country’s most pressing challenges—energy access.

As Nigeria positions itself for sustainable growth, the roadmap underscores that renewable energy is not just an environmental imperative but a strategic economic opportunity