The Rockefeller Foundation has announced a $3.5 million grant to All On, a Nigerian off-grid energy impact investment company funded by Shell, to launch a facility to support off-grid entrepreneurs in Nigeria.
With the aim of building a pipeline of scalable, investable, and sustainable off-grid energy businesses, the All On Hub will support the best off-grid energy entrepreneurs at ideation, angel, growth, and market-entry stages as well as their efforts to scale those businesses.
Although Nigeria is home to the largest economy and population in Africa, twenty-eight million households and eleven million small and midsize enterprises do not have access to reliable on-grid energy. Companies supported through the initiative are expected to provide thousands of new connections to low-income households and small and midsize enterprises in Nigeria over the next three years.
"We are excited to collaborate with the Rockefeller Foundation to establish the All On Hub because of its strong reputation for making a positive impact in communities across the world for more than a century," said All On CEO Wiebe Boer. "The establishment of the All On Hub will provide a facility and structure that will ensure we unearth and support the best energy entrepreneurs who will lead the private sector in our journey to provide clean, reliable, and affordable energy to transform the social-economic status of unserved and underserved communities together."