Shell Nigeria Exploration and Production Company Ltd’s Managing Director Ronald Adams, has said that Nigeria’s huge energy shortfall should be seen as a $200bn investment opportunity for both local and international investors. He recently revealed that the nation needs bold investments to tackle the energy deficit that is currently affecting millions of households and industries.
Addressing business leaders recently at the 2025 International Business Conference & Expo of the Lagos Chamber of Commerce and Industry, Ronald Adams highlighted statistics showing that more than 80 million Nigerians do not have access to constant electricity.
Adams, who is also the Chairman of Shell’s off-grid impact investment firm, All On, disclosed that while the consequences of the deficit are scary, it can easily become a market opportunity with the right policies and investments.
According to him, the market opportunity could rake in as much as $10–20bn for Nigeria, particularly in off-grid energy solutions like solar home systems and mini-grids.
“The consequences of the deficit are far-reaching: stifled productivity, limited access to quality healthcare and education and stunted economic potential.
The deficit could translate to a $10–20bn market opportunity, especially in off-grid energy solutions such as mini-grids, solar home systems and clean cooking technologies,” he said.
Adams further noted that All On, which was established by Shell in 2016, has committed over $40m and supported ventures that have brought clean energy to over 1.2 million citizens across 190 Nigerian underserved communities.
He concluded by advocating for more investments, stressing the importance of strategic partnerships not just in energy but also across agriculture, manufacturing, infrastructure and financial services.
“We invite local and international investors to seize the moment and help unlock the full potential of Nigeria’s renewable energy market. Together, we can build a future that is inclusive, sustainable, and resilient,” he added.
