USADF and All On Announce New Partnership to Expand Energy Access in Nigeria

September 24, 2024

USADF and All On Announce New Partnership to Expand Energy Access in Nigeria

New York - [September 24, 2024]- The United States African Development Foundation (USADF) and All On are pleased to announce the renewal of their partnership to expand off-grid energy access in Nigeria, with a focus on underserved communities. Building on the success of their collaboration from 2017 to 2022, this new initiative will see both organizations commit a combined $10 million over the next three years to support innovative, African-owned businesses providing sustainable energy solutions.

To commemorate the renewal, a signing ceremony was held in New York, attended by USADF President and CEO, Travis Adkins, and All On CEO, Caroline Eboumbou, alongside representatives from both organizations. The ceremony marked a significant step forward in their joint mission to drive increased energy access and socio-economic development in Nigeria.

Through the USADF-All On 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 program will focus on projects in agriculture, healthcare, education, gender inclusion, digital innovation, and localizing the energy value chain.

Since its inception, the Challenge has provided US$3.6 million in blended finance to 36 companies, resulting in over 100,000 connections and improving more than 500,000 lives through access to clean energy.

USADF President and CEO, Travis Adkins, emphasized the importance of the partnership, stating: " 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.

Caroline Eboumbou, CEO of All On, highlighted the program's impact, saying "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."

The partnership will focus on empowering women in energy, enhancing agricultural productivity, and promoting digital innovation, while also addressing energy needs in healthcare and education. By supporting the development of inverters, battery systems, and other local manufacturing components, the collaboration aims to create a more sustainable and locally-driven energy ecosystem in Nigeria.

About USADF

The United States African Development Foundation (USADF) is an independent U.S. Government agency established by Congress to support African-owned community and social enterprises which improve lives and livelihoods in underserved communities. Utilizing a community-led development approach, USADF invests directly to provide seed capital and local project management assistance to early-stage enterprises addressing local challenges such as food insecurity, insufficient energy access, and unemployment, with a focus on women and youth entrepreneurship. To learn more, please visit: https://www.usadf.gov/ or contact [email protected].

About All On

All On, an independent impact investing company, was seeded with funding from Shell, and works with partners to increase access to commercial energy products and services for unserved and underserved off-grid energy markets in Nigeria, with a special focus on the Niger Delta. All On invests in off-grid energy solutions spanning solar, wind, hydro, biomass and gas technologies deployed by both foreign and local access-to-energy companies that complement available grid power across Nigeria and help bridge the significant energy access gap.

To learn more, please visit www.all-on.comor send an email to [email protected].

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