All On Report Reveals Progress in National Energy Access

All On has released its Impact Evaluation Report 2025, detailing how its interventions have transformed Nigeria’s energy sector and improved the lives of over one million people across the country.

The report traces All On’s journey since entering the Nigerian energy market in 2016, a time when nearly half the population lacked electricity and the sector faced an estimated 92% annual funding gap.

To address these challenges, All On adopted a risk-tolerant approach, combining catalytic investments, innovative financing solutions, and ecosystem-building strategies to accelerate progress toward universal energy access.

Between 2018 and 2024, All On invested in more than 50 energy businesses and provided grants and technical support to over 80 others. These interventions helped energy providers connect more than 230,000 households, businesses, and facilities to electricity nationwide.

The report noted that these efforts strengthened operational capacity, improved affordability and reliability for consumers, and delivered social and environmental benefits. About half of the supported households reported better air quality, enhanced safety, and reduced noise pollution, contributing to improved health outcomes and sustainability.

All On’s holistic support model—combining tailored due diligence, sector expertise, and sustained ecosystem engagement—has positioned it as a trusted partner driving business growth and systemic change in Nigeria’s energy sector.

The report highlighted innovative programs such as the Demand Aggregation for Renewable Technology (DART) initiative, which cut procurement costs for supported businesses by up to 50%, allowing developers to scale faster and pass savings to consumers.

Since 2018, the sector has seen notable growth: the number of energy players has doubled, while investment nearly tripled from $90 million to over $250 million, reflecting increased investor confidence and a more diverse funding landscape. Investees also reported improved visibility and credibility, unlocking additional financing opportunities.

Commenting on the report, All On CEO Caroline Eboumbou said, “This evaluation confirms that our approach is effective. By combining patient capital, technical support, and ecosystem engagement, we have delivered scalable, sustainable energy solutions for unserved and underserved communities.

“While the progress is significant, much work remains. As we look toward 2030, we are committed to deepening our impact and creating more meaningful energy connections across Nigeria.”

The report further outlined plans to scale proven models, strengthen local capacity, and expand outreach to underserved regions, particularly the Niger Delta. With a proven track record and a clear roadmap, All On aims to drive the next phase of Nigeria’s clean energy transition.

The full Impact Evaluation Report 2025 is available for download on All On’s website.