Acting CEO and Investment Manager
‘Folabi, in addition to serving as Acting CEO at All On, is responsible for leading the investment company’s deal origination, structuring, negotiation, due diligence and portfolio governance and management functions. He currently manages a portfolio of over 43 investees which include some of the most innovative companies working to solve Nigeria’s deep energy access challenges. Over the last 3 years, he has overseen a more than three-fold growth in the size and scope of All On’s investment business, delivering investments in companies worth millions of Dollars and impacting tens of thousands of homes and small business across Nigeria.
He has more than 2 decades of communications, commercial operations, deal delivery, business development and business analysis experience covering the marketing, telecoms and energy sectors.
Over the course of his career, Folabi has identified, progressed, and successfully negotiated over 30 gas supply agreements for Shell Nigeria Gas Limited – generating over $240million in gas sales. He has also worked within the Economics/Planning unit of Shell Petroleum Development Company, Nigeria’s largest upstream energy operator, where he supported its multibillion dollar onshore, shallow water and exploration businesses – facilitating investment and portfolio-based decision-making for some of Nigeria’s biggest oil and gas projects and assets.
He has written articles and spoken on various public fora on energy, gas, power and the energy transition with a key focus on finding integrated, unique, Nigeria-centric solutions to its energy challenges.
He has a rich multidisciplinary experience and background, with first and post-graduate degrees in the humanities, public and international affairs and business administration. His ability to identify environmental dynamics and trends and translate them into actionable corporate insights and deliverables is respected within the Nigerian renewable energy space. He currently represents All On on the board of Auxano Solar Nigeria Limited, Nigeria’s premier solar panel assembling company.
In his spare time, 'Folabi enjoys swimming, reading, playing chess and discussing geopolitics. He is married to 'Folasade and they have 3 lovely children.