All On and the United States African Development Foundation (USADF) have renewed their partnership aimed at expanding off-grid energy access in Nigeria, particularly in underserved communities. Both organizations will invest a combined $10 million over the next three years to support innovative, African-owned businesses that provide sustainable energy solutions.
A signing ceremony recently held in New York marked the renewal, attended by All On CEO Caroline Eboumbou and USADF President and CEO Travis Adkins, along with representatives from both organizations.
The initiative will continue through the All On-USADF Nigeria Energy Challenge, which focuses on investing in off-grid energy companies to enhance clean energy access for low-income communities while contributing to Nigeria’s socio-economic development. The program aims to localize the energy value chain.
The initial phase of the challenge successfully delivered $3.6 million in blended finance to 36 companies, resulting in over 100,000 connections and improving the lives of more than 500,000 people through access to clean energy.
Travis Adkins expressed enthusiasm for 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 focus on both existing grantees and new businesses, targeting key challenges identified from previous cohorts. USADF plans to provide up to $250,000 in grant funding per selected project, while All On will contribute up to $750,000 per recipient through various investment mechanisms to support Nigeria’s energy sector.
Caroline Eboumbou emphasized that the partnership has already made a significant impact on energy access in Nigeria, underscoring the importance of their continued collaboration in promoting sustainable energy solutions.
