- NSIA and All On will deploy solar mini-grids and home systems to reach communities without national grid infrastructure.
- The N10 billion facility would unlock long-term capital for sustainable greenfield infrastructure projects.
The Nigeria Sovereign Investment Authority (NSIA) and All On, a renewable energy investor, are collaborating to power energy-deprived communities nationwide. NSIA and All On will undertake the partnership by deploying Distributed Renewable Energy (DRE) utilising small-scale solutions like solar mini-grids and home systems to reach communities without national grid infrastructure.
The Sovereign Wealth manager said the N10 billion facility would unlock long-term capital for sustainable greenfield infrastructure projects and attract further investment through domestic capital markets. According to the Managing Director of All On, Caroline Eboumbou, speaking in Abuja yesterday, the DRE would offer agility and efficiency to illuminate remote villages and towns overlooked for far too long.
She said, “Mini-grids alone hold the potential to empower millions of low-income households and small businesses while generating a staggering $10 billion in annual revenue. However, unlocking this bright future requires more than just technology. This is where All On’s Demand Aggregation for Renewable Technologies (DART) programme steps in.”
Recognising the immense potential, Aminu Umar-Sadiq, the MD/CEO of NSIA, called for continued investment from development partners providing capital and technical assistance. He urged the private sector to innovate and develop scalable and affordable DRE solutions.