Nearly half of Nigeria’s 186 million people lack access to electricity, amid the country’s booming oil and gas sector.
All On, a Lagos-based non-profit, partners with investors and development finance institutions to provide capital and technical services to entrepreneurs working to expand energy access in Nigeria.
The first round of investments includes an undisclosed equity investment in pay-as-you-go home and community solar company Lumos Global, which raised $90 million in debt and equity investment last year.
All On is also reportedly close to finalizing a debt and equity investment in microgrid operator Green Village Enterprises. A grant from All On to tech incubator Co-Creation Hub is funding an energy access challenge for Nigerian startups.
With Adam Smith International’s Solar Nigeria program, it is working to de-risk future home solar investments.