Ronald Adams, Managing Director of SNEPCo (Shell Nigeria Exploration and Production Company) and Chairman of the investment company All On, has highlighted the need for substantial investments to address Nigeria’s energy crisis. According to him, the lack of access to energy affects millions of households and industries across the country.
Speaking at a conference in Lagos, Adams recalled that more than 80 million Nigerians do not have reliable access to electricity. He stressed that this situation has negative consequences for productivity, education, healthcare, and the country’s economic development.
Despite these challenges, Ronald Adams remains optimistic. He believes that the energy deficit could be transformed into a $10–20 billion market opportunity, particularly through the development of off-grid energy solutions such as mini-grids, solar home systems, and clean cooking technologies.
He also highlighted the efforts of All On, a company founded by Shell in 2016, which has already invested more than $40 million to deliver clean energy to over 1.2 million Nigerians across 190 communities.
The Managing Director concluded by calling for strategic collaboration between local and international investors to unlock the potential of Nigeria’s renewable energy market and build a more sustainable and inclusive future.
