Nigeria’s Energy Crisis Could Unlock $200bn Market, Says Shell Boss

Shell Nigeria Exploration and Production Company Ltd has described the country’s energy shortfall as a $200 billion investment opportunity for both local and global players.

Speaking at the Lagos Chamber of Commerce and Industry’s 2025 International Business Conference, Ronald Adams, Managing Director of Shell Nigeria and Chairman of Shell’s impact investment firm All On, highlighted that over 80 million Nigerians lack access to reliable electricity.

Adams explained that the energy deficit affects industries, healthcare, and education, limiting overall economic growth. However, he emphasized that with the right policies and capital inflows, the gap could become a $10–20 billion annual market, particularly in off-grid solutions such as mini-grids, solar home systems, and clean cooking technologies.

Since 2016, All On has made more than 50 direct investments, committing over $40 million to clean energy projects across 190 underserved communities. Adams called for stronger collaborations in energy and related sectors like agriculture, technology, and infrastructure, while commending efforts to attract foreign investment through state-driven digital platforms.

“We encourage investors to see this as an opportunity to shape Nigeria’s energy future while building a sustainable and inclusive economy,” he said.