- Nigeria’s energy shortfall could attract $200bn in investments through renewable and off-grid solutions.
- Shell’s All On has supported ventures bringing clean energy to 1.2 million Nigerians.
Nigeria’s energy shortfall presents a $200bn investment opportunity, according to Ronald Adams, Managing Director of Shell Nigeria Exploration and Production Company Ltd and Chairman of Shell’s off-grid investment arm, All On. At the 2025 International Business Conference & Expo of the Lagos Chamber of Commerce and Industry, he emphasised that Nigeria requires bold action to close its vast power deficit.
Adams noted that more than 80 million Nigerians lack reliable electricity. This persistent shortfall limits productivity, restricts access to healthcare and education, and undermines economic growth. However, he stressed that the challenge could become a multi-billion-dollar opportunity if policies encourage innovation and partnerships.
The deficit could translate into a $10–20bn market with proper investment, particularly in off-grid energy solutions. Mini-grids, solar home systems, and clean cooking technologies offer scalable pathways to underserved communities.
Shell established All On in 2016 to support such ventures. Since then, the company has delivered over 50 direct investments, committed more than $40m, and helped expand clean energy access to 1.2 million Nigerians across 190 communities. Adams highlighted this progress as evidence that strategic investment can drive change at scale.
He also called for cross-sector collaboration, stressing that solutions must extend beyond energy. Agriculture, digital technology, infrastructure, financial services, and manufacturing require power to thrive. Integrating these sectors will accelerate national development.
Adams commended recent initiatives to attract foreign investors, including the governors’ launch of Investopedia, a platform showcasing opportunities across Nigeria’s 36 states. He urged both domestic and international investors to seize the moment.
“Together, we can unlock the full potential of Nigeria’s renewable energy market,” he said. “Our goal must be to build a future that is sustainable, inclusive, and resilient.”
Ultimately, Nigeria’s energy shortfall is not just a challenge. It is a powerful opportunity to boost growth, create jobs, and enhance development.