All On, an impact investment company backed by Shell, has announced a commitment of more than $40 million to Nigeria’s clean energy sector since its launch in 2016, boosting renewable power access for over a million people.
The disclosure was made by Ronald Adams, chairman of All On and managing director of Shell Nigeria Exploration and Production Company (SNEPCo), during his keynote address at the 2025 Lagos Chamber of Commerce and Industry (LCCI) International Business Conference & Expo.
Adams said the company has invested in over 50 projects that have delivered clean energy to about 1.2 million Nigerians across 190 communities, creating a combined installed solar capacity of more than 23 megawatts.
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“The opportunity in Nigeria is real. The needs are urgent. And the ecosystem is vibrant. Now is the time to invest, not just in businesses, but in Nigeria’s future, a future that is inclusive, sustainable, and resilient,” Adams said.
Strategic Investments
All On’s portfolio spans startups and established players in the renewable energy value chain. Notable beneficiaries include Arnergy, which received a $3 million investment in January 2024 before raising $18 million in a Series B round later that year.
Earlier this year, the company committed N2 billion to Salpha Energy to expand its solar assembly plant, while in another recent move it injected $250,000 into enee.io, a tech company specialising in energy monitoring systems.
Its programmes, such as the Demand Aggregation for Renewable Technology (DART) and the Distributed Access to Renewable Energy Scale-Up (DARES) initiative, have been central to accelerating adoption of off-grid solar and energy-efficient technologies nationwide.
