“NIGERIA’S ENERGY CRISIS: $10-20 BILLION MARKET OPPORTUNITY BECKONS WITH ROBUST INVESTMENTS” –ALL ON CHAIRMAN
RONALD ADAMS [GREATRIBUNETVNEWS]
GREATRIBUNETVNEWS–Nigeria’s energy deficit requires significant investments to address the pressing issue affecting millions of households and industries. Over 80 million Nigerians lack access to reliable electricity, resulting in stifled productivity, limited access to quality healthcare and education, and stunted economic potential.
The Investment Imperative
Ronald Adams, Chairman of All On and Managing Director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), emphasized the need for robust investments to bridge the energy gap. With the right policies and investments, the deficit could translate to a $10-20 billion market opportunity, particularly in off-grid energy solutions like :
– Mini-grids: Providing reliable energy to communities and industries
– Solar Home Systems: Enabling households to access clean energy
– Clean Cooking Technologies: Promoting sustainable energy solutions
Progress and Potential
All On, established by Shell in 2016, has:
– Achieved over 50 direct investments
– Committed over $40 million
– Supported ventures bringing clean energy to over 1.2 million Nigerians across 190 underserved communities
A Call to Action
Adams invites local and international investors to seize the moment and help unlock the full potential of Nigeria’s renewable energy market. By collaborating and investing in the energy sector, stakeholders can build a future that is inclusive, sustainable, and resilient .
Adams sought more investments, highlighting the importance of strategic collaborations not just in energy, but across agriculture, digital technology, manufacturing, infrastructure and financial services. He commended efforts to attract foreign investment, including the launch of Investopedia, a digital platform showcasing opportunities across the 36 states.
He said: “We invite local and international investors to seize the moment and help unlock the full potentials of Nigeria’s renewable energy market. Together, we can build a future that is inclusive, sustainable, and resilient.”
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