All On has released its Impact Evaluation Report 2025, highlighting how its interventions have reshaped Nigeria’s energy landscape and improved the lives of more than one million people across the country.
The report chronicles All On’s journey since entering the Nigerian energy market in 2016, when nearly half of the population lacked access to electricity and the sector faced an estimated 92 per cent annual funding gap.
Against this backdrop, the organisation adopted what it described as a risk-tolerant approach, combining catalytic investments, innovative financing mechanisms, and ecosystem-building strategies to accelerate progress toward universal energy access.
According to the report, between 2018 and 2024, All On invested in more than 50 businesses and supported over 80 others through grants and technical assistance. These efforts enabled energy providers to connect more than 230,000 households, businesses, and facilities to electricity across Nigeria.
The report noted that these interventions strengthened the operational capacity of energy companies while improving affordability and reliability for end users. It added that cleaner energy solutions have delivered tangible social and environmental benefits, with half of supported households reporting improved air quality, enhanced safety, and reduced noise pollution, contributing to better health outcomes and environmental sustainability.
The evaluation highlighted the effectiveness of All On’s holistic support model, which integrates tailored due diligence, deep sector knowledge, and sustained ecosystem engagement. This approach, the report said, has positioned All On as a trusted partner capable of driving both business growth and systemic change within Nigeria’s energy sector.
It further pointed to innovative instruments such as the Demand Aggregation for Renewable Technology programme, which has amplified impact by reducing procurement costs for supported businesses by up to 50 per cent. According to the report, these cost reductions have enabled developers to scale more efficiently and pass savings on to energy consumers.
Beyond individual projects, the report indicated that All On’s activities have contributed to broader market transformation. Since 2018, the number of energy players operating in the sector has doubled, while sector-wide investment has nearly tripled, rising from about $90m to over $250m. This growth reflects increased investor confidence and a more diverse funding landscape, the report stated.
Investees also reported that All On’s support improved their visibility and credibility, helping them unlock additional financing opportunities from other investors and partners.
Commenting on the findings, the Chief Executive Officer of All On, Caroline Eboumbou, said the report validated the organisation’s strategy and impact.
“This report confirms that our approach is working,” Eboumbou said. “By combining patient capital, technical assistance, and ecosystem support, we have unlocked scalable, sustainable energy solutions for Nigeria’s unserved and underserved communities.
“The accomplishment is real and commendable, but the work is far from done. As we look toward 2030, we remain committed to deepening our impact by creating even more meaningful connections in unserved and underserved communities across Nigeria.”
The report stated that as All On looks toward 2030, the organisation plans to scale proven models, strengthen local capacity, and expand its reach to underserved regions, particularly the Niger Delta.
With what it described as a proven track record and a clear roadmap for improvement, the organisation said it is well positioned to drive the next phase of growth in Nigeria’s clean energy transition. The full Impact Evaluation Report 2025 is available for download on All On’s website.
