By Victor Uchechukwu
Ronald Adams, Chairman of All-On and Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) said that All On, Shell’s strategic investment agency said it has made a commitment of more than $40 million in Nigeria’s clean energy industry since inception in 2016 thereby boosting renewable power access for over a million people.
He made the disclosure while delivering a keynote address at the 2025 Lagos Chamber of Commerce and Industry (LCCI) International Business Conference and 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.
“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 was quoted to have said.
All On’s portfolio according to the local media report spans across a wide spectrum of startups and established players in the renewable energy value chain, with beneficiaries which included Arnergy which got a $3-million investment in January 2024 and then, $18 million in another round the subsequent year.
Earlier this year according to the local publication, the company committed N2 billion to Salpha Energy aimed at expanding its solar assembly plant, injecting also, in another move, about $250,000 to prop a tech company which has specialty in energy monitoring systems.
Mention was also made of one of its key programmes like the “Demand Aggregation for Renewable Technology” (DART) and the “Distributed Access to Renewable Energy Scale-Up” (DARES) initiative – all Adams said, have been central to accelerating adoption of off-grid solar and energy-efficient technologies nationwide.