The investment, made through All On’s Demand Aggregation for Renewable Energy Technology program, will finance electricity connections for households, businesses, public institutions, and other productive-use customers that do not have dependable power.

The project is expected to reach almost 100,000 people, according to All On.

Maskh Nigeria, an indigenous infrastructure and renewable energy company, will build and operate the mini-grids.

Its project has also received results-based financing support from Nigeria’s Rural Electrification Agency, linking a portion of the project’s funding to verified delivery of connections and infrastructure.

The financing combines local impact capital with funds raised from individual investors through Energise Africa, a UK-based platform that channels investment into clean-energy businesses in sub-Saharan Africa and other emerging markets.

Energise Africa said its investors raised £600,000, or about $760,000, through a Maskh bond offering to support the wider mini-grid project.

“Energy access is not simply about connecting communities to electricity; it is about creating the conditions for people and businesses to thrive,” said Caroline Eboumbou, CEO of All On.

“This investment demonstrates All On’s commitment to backing indigenous energy companies that can deliver practical, scalable solutions to some of Nigeria’s most persistent energy access challenges.”

Reliable electricity can reduce the dependence of rural households and small businesses on diesel generators, kerosene, and other costly alternatives.

For commercial users, mini-grids can support equipment such as refrigeration units, milling machines, and welding tools, while schools and health facilities can operate more consistently.

The project also adds to Maskh’s existing mini-grid operations in Bauchi State. Energise Africa said the company currently operates 14 sites with more than 3,000 active customers and over 400 kilowatts of installed capacity.

Ray Coyle, CEO of Energise Africa, said the investment connects UK retail investors with infrastructure that can deliver direct economic and social benefits in underserved Nigerian communities.

“By helping to bring clean, reliable power to nineteen communities across Jigawa and Bauchi States, UK investors are supporting lasting social, economic and environmental impact that will benefit thousands of people in Nigeria,” he said.

For Nigeria’s off-grid energy market, the transaction demonstrates how local developers can combine impact investment, retail capital, and public results-based financing to build decentralized power infrastructure.