All On offers $200k-$1m for Nigerian off-grid energy
Nigerian impact investor All On is offering up to $1 million in blended financing per company to scale off-grid clean energy solutions, signaling growing institutional confidence in the sector's commercial viability.
All On, a Shell-seeded impact investing firm, has opened applications for its 2026 Off-Grid Energy Challenge, targeting Nigerian clean energy companies with $200,000 to $1,000,000 in blended capital per successful proposal. The application window runs from July 2 to July 31, 2026.
The funding structure is tailored for early-stage ventures that often struggle to secure traditional commercial debt. All On is deploying a mix of non-dilutive and commercial instruments, coupled with technical assistance, to bridge the gap between seed capital and bankability. This targets the specific capital constraints that limit the scaling of distributed energy businesses in frontier markets.
The firm has a quantifiable track record to justify this expanded deployment. Since 2018, the program has committed $3.6 million across 36 Nigerian-owned companies, connecting over 150,000 people to clean power. The 2026 edition represents a step up in individual ticket sizes, moving toward substantial per-company commitments.
This year's capital is directed toward productive use of energy (PUE) rather than basic household connectivity. By prioritizing agricultural processing, cold storage, and healthcare applications, All On is backing business models with immediate revenue-generating potential. This targets off-grid electrification that can sustain itself within the required 12-to-18-month investment period.
To qualify, applicants must be majority Nigerian-owned and managed, for-profit private companies legally operating in Nigeria. Proposals must demonstrate both innovation and a credible plan to serve underserved communities.
“Nigeria’s off-grid energy sector has proven, year after year, that the right kind of support that is patient, flexible, and rooted in deep market understanding, can produce transformational outcomes,” said All On CEO Caroline Eboumbou. Innovation Hub Manager Sele Inegbedion added that the firm is deploying “more capital and more conviction than ever before” to back domestic entrepreneurs.
