Allgreen Energy NV has committed $10 billion to support the large-scale rollout of 80 million clean cookstoves across Nigeria, deepening efforts to expand clean energy access while creating jobs and supporting women-led enterprises.\n<\/p>\n
The investment was announced in Lagos during a media briefing and project unveiling hosted by GreenPlinth Africa, where stakeholders also signed a manufacturing agreement for the first batch of 24 million cookstoves, marking the transition into the implementation phase.\n<\/p>\n
President and Group Chief Executive Officer of GreenPlinth Africa, Dr Olawale Akinwumi, said the funding would accelerate the delivery of clean cooking solutions to millions of households while addressing Nigeria\u2019s significant clean cooking gap.\n<\/p>\n
\u201cThis project is not only about providing clean cooking systems; it is about transforming lives, improving health outcomes, and empowering women economically,\u201d he said.\n<\/p>\n
Beyond household access, stakeholders said the initiative is expected to stimulate economic activity across the value chain, including manufacturing, distribution, maintenance, and fuel supply\u2014creating opportunities for small businesses and women entrepreneurs.<\/p>\n
The programme, which operates under an \u201cAgenda 2030\u201d framework, also aims to reduce reliance on firewood and charcoal, cutting carbon emissions and limiting deforestation.\n<\/p>\n
Special Adviser to the Lagos State Governor on Climate Change and Circular Economy, Titilayo Oshodi, said early pilot projects have demonstrated both environmental and socio-economic benefits.\n<\/p>\n
\u201cBeyond the data, the real impact is seen in the lives of women; faster cooking, less smoke, reduced stress, and more time for productive activities,\u201d she said.\n<\/p>\n
She cited a pilot in Makoko where households significantly reduced firewood usage and improved efficiency, adding that such outcomes could drive wider adoption across communities.\n<\/p>\n
GreenPlinth Africa\u2019s Group Chief Financial Officer, Babatunde Aina, said the project also presents strong climate finance potential, noting that each cookstove could reduce up to 15 metric tonnes of carbon emissions annually.<\/p>\n
He added that the initiative would deploy blockchain-based systems to track emissions reductions, while carbon credits generated could be traded under global frameworks, creating an additional revenue stream.\n<\/p>\n
With funding secured and initial manufacturing agreements in place, stakeholders said the project is positioned to scale rapidly, with expectations that it will not only improve public health and environmental outcomes but also strengthen Nigeria\u2019s clean energy economy and support inclusive growth\n<\/p>\n
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