Shell has projected that Nigeria’s severe electricity shortage could open the door to $200 billion worth of investments if local and international players take bold steps to address the challenge.

Speaking at the 2025 International Business Conference & Expo of the Lagos Chamber of Commerce and Industry, Ronald Adams, Managing Director of Shell Nigeria Exploration and Production Company and Chairman of Shell’s impact investment firm, All On, said more than 80 million Nigerians still live without reliable electricity.

He explained that the power gap continues to hold back economic growth, stifle productivity, and restrict access to quality healthcare and education. Despite these challenges, Adams said the shortfall could become a huge opportunity, especially in renewable and off-grid solutions such as mini-grids, solar home systems, and clean cooking technologies. He estimated the potential value of this market at $10–20 billion.

Adams highlighted the work of All On, which Shell established in 2016. Since then, the firm has made over 50 direct investments, committed more than $40 million, and delivered clean energy access to over 1.2 million Nigerians across 190 underserved communities.

He also stressed the importance of strategic collaborations beyond energy, pointing to agriculture, manufacturing, technology, infrastructure, and financial services as key sectors that could benefit from fresh investment. Adams commended recent government efforts to attract foreign capital, including the launch of Investopedia, a digital platform designed to showcase opportunities in all 36 states.

“We invite both local and international investors to seize this moment,” Adams said. “Nigeria’s renewable energy market has the potential to deliver a future that is sustainable, inclusive, and resilient.”