Shell Nigeria Exploration and Production Company Limited has described Nigeria’s energy deficit as a $200 billion investment opportunity for both local and international players.
Ronald Adams, Managing Director of Shell Nigeria Exploration and Production and Chairman of Shell’s off-grid investment arm, All On, said bold interventions are needed to close the country’s energy gap, which continues to hinder growth across households and industries.
Speaking at the 2025 International Business Conference and Expo of the Lagos Chamber of Commerce and Industry, Adams noted that more than 80 million Nigerians still lack reliable electricity. He warned that the deficit has far-reaching consequences, including weak productivity, poor access to healthcare and education, and stunted economic development.
Despite these challenges, Adams expressed optimism, saying the gap could become a $10–20 billion annual market if addressed with the right policies and investments, particularly in off-grid solutions such as mini-grids, solar home systems, and clean cooking technologies.
Since its creation in 2016, All On has committed more than $40 million to over 50 direct investments, helping to deliver clean energy to 1.2 million Nigerians in 190 underserved communities. Adams urged greater collaboration across sectors, stressing that energy investment should go hand-in-hand with growth in agriculture, digital technology, manufacturing, infrastructure, and financial services.
He also commended ongoing efforts to improve the investment climate, citing the recent launch of Investopedia by state governors, a digital platform designed to showcase opportunities across the 36 states.
“We invite both local and foreign investors to seize the moment and help unlock Nigeria’s renewable energy market. Together, we can build a future that is inclusive, sustainable, and resilient,” Adams said.
