By Henry Ojelu

Over one million Nigerians have been lifted through improved access to clean, reliable and affordable electricity as impact investment company, All On, pushes deeper into Nigeria’s energy access challenge, according to its Impact Evaluation Report 2025.

The report shows that between 2018 and 2024, All On’s investments and technical interventions helped bridge long-standing gaps in the power sector by supporting clean energy enterprises and expanding electricity access to underserved communities across the country.

Within the period under review, the firm invested in more than 50 clean energy businesses while providing grants and technical assistance to over 80 enterprises.

These efforts resulted in the connection of more than 230,000 households, businesses and public facilities to sustainable energy solutions, improving service reliability and reducing energy costs for end users.

The report highlights significant improvements in living conditions among beneficiary communities with about half of supported households reported better air quality, enhanced safety and reduced noise pollution, outcomes linked to improved health and quality of life.

The report also indicated that environmental benefits were also recorded, reinforcing the role of clean energy in reducing Nigeria’s dependence on fossil fuels and harmful generators.

Commenting on the findings, All On’s Chief Executive Officer, Caroline Eboumbou, said the report confirms that the organisation’s strategy is yielding tangible results.

“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,” she said.

Eboumbou added that while the progress recorded is encouraging, significant work remains ahead.

“As we look toward 2030, we remain committed to deepening our impact and creating even more meaningful connections across Nigeria,” she stated.

Before All On commenced operations in 2016, nearly half of Nigeria’s population lacked access to electricity, while the power sector faced an estimated 92 per cent annual funding gap.

In response, the company adopted a risk-tolerant strategy built around catalytic capital, innovative financing instruments and ecosystem-building initiatives aimed at attracting private sector participation.

Central to All On’s impact, the report noted, is its holistic support model, which combines tailored due diligence, sector expertise and active engagement with industry stakeholders.
This approach has enabled supported companies to achieve both commercial viability and measurable social impact.

Flagship programmes such as the Demand Aggregation for Renewable Technology, DART, initiative have further strengthened results by cutting procurement costs for clean energy developers by up to 50 per cent. The cost reductions have allowed energy providers to scale operations faster and pass savings on to consumers.

Beyond direct beneficiaries, the report shows that All On’s interventions have contributed to broader market transformation.

Since 2018, the number of active clean energy players in Nigeria has doubled, while total sector investment has nearly tripled from about $90 million to over $250 million.

Looking ahead, All On plans to scale proven models, strengthen local capacity and expand its footprint, particularly in underserved regions such as the Niger Delta, as Nigeria intensifies efforts toward universal and sustainable energy access.