$10m committed for off-grid energy companies in Nigeria
All On and the USADF have renewed their partnership to expand off-grid energy access in Nigeria.
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All On Partnerships for Energy Access (All On) and the United States African Development Foundation (USADF) have announced the renewal of their partnership to expand off-grid energy access in Nigeria, with a focus on underserved communities. Building on their collaboration from 2017 to 2022, this new initiative will see both organisations commit a combined $10 million over the next three years to support innovative, African-owned businesses providing sustainable energy solutions.
Through the All On-USADF Nigeria Energy Challenge, the partnership will continue investing in off-grid energy companies to increase access to clean energy for low-income communities, while contributing to Nigeria's socio-economic development. The programme seeks to drive the localisation of the energy value chain.
The initial cycle of the Challenge delivered $3.6 million in blended finance to 36 companies.
Caroline Eboumbou, CEO of All On, commented: “We are thrilled to renew our partnership with USADF, which has already made a significant impact on energy access in Nigeria. By combining our resources and expertise, we aim to empower more local businesses and communities with sustainable energy solutions. This collaboration is not just about providing power; it’s about creating opportunities for economic growth and lasting development across sectors throughout Nigeria.”
USADF President and CEO, Travis Adkins, said: "Our collaboration with All On has shown the transformative impact of off-grid energy solutions in improving lives and livelihoods in rural and underserved regions of Nigeria. We are excited to continue this partnership’s important work, advancing clean energy technologies while addressing essential needs like health, education, gender inclusion, and economic empowerment."
The new funding will target both existing grantees and new businesses, focusing on addressing key challenges identified from previous cohorts. USADF will provide up to $250,000 in grant funding per selected project, while All On will contribute up to $750,000 per recipient through a range of investment mechanisms to support businesses in Nigeria’s energy sector.
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