Between 2018 and 2024, All On invested in over 50 clean energy businesses and provided grants and technical support to more than 80 enterprises, helping to expand access to reliable energy solutions across Nigeria. These interventions connected over 230,000 households, businesses, and public facilities, while improving service reliability, affordability, and operational capacity for energy providers.

The report highlights notable social and environmental benefits. Half of the supported households reported improved air quality, enhanced safety, and reduced noise pollution, resulting in better health outcomes and overall quality of life.

Before All On began operations in 2016, nearly half of Nigeria’s population lacked electricity, and the sector faced a 92% annual funding gap. To address these challenges, All On adopted a risk-tolerant strategy, leveraging catalytic capital, innovative financing instruments, and ecosystem-building initiatives to unlock private sector participation and advance universal energy access.

Central to All On’s success is its holistic support model, which combines rigorous due diligence, deep sector expertise, and active ecosystem engagement. Flagship programs such as the Demand Aggregation for Renewable Technology (DART) initiative have reduced procurement costs for supported businesses by up to 50%, enabling faster scaling and cost savings for consumers.

Commenting on the report, Caroline Eboumbou, CEO of All On, said:

“This report confirms that our approach is delivering real results. By combining patient capital, technical assistance, and ecosystem support, we are enabling scalable and sustainable energy solutions for Nigeria’s unserved and underserved communities. While progress is encouraging, our work is far from done. As we look toward 2030, we remain committed to deepening our impact and creating even more meaningful connections across Nigeria.”

Since 2018, the number of active energy players in Nigeria has doubled, while total sector investment has nearly tripled, rising from $90 million to over $250 million. Investee companies also report that All On’s support has enhanced their visibility and credibility, unlocking additional financing and partnerships.

Looking ahead, All On plans to scale proven models, strengthen local capacity, and expand its reach—especially in underserved regions like the Niger Delta. With a strong track record and clear roadmap, the organisation is well positioned to drive the next phase of Nigeria’s clean energy transition.