Jigawa State Government Invests N1 Billion in Kano Electricity Distribution Company.
By Bala Salihu Dawakin kudu
(Northern Bureau Chief )
January 1, 2025
In a strategic move to bolster power supply and enhance infrastructure development, the Jigawa State Government has approved an investment of N1 billion to increase its stake in the Kano Electricity Distribution Company (KEDCO).
The Commissioner for Information, Youths, Sports, and Culture, Mr. Sagir Musa, announced the decision in Dutse on Tuesday, following the State Executive Council’s deliberations. He stated that the investment was part of the government’s commitment to achieving stable electricity in Jigawa, a key driver for economic growth and improved living standards.
- Advertisement -
The approved fund will be utilized for the acquisition of an additional 2.5 per cent stake in KEDCO, bringing the state’s total shareholding in the company to 10 per cent. This transaction was finalized under a Memorandum of Understanding (MoU) signed between the Jigawa State Government and KEDCO’s core investor, Future Energy Africa Limited.
“This milestone represents our government’s proactive approach to ensuring sustainable electricity supply,” Musa said. “By consolidating our shareholding, we aim to secure stable power for Tier 1 urban centres and enhance rural electrification efforts, targeting significant progress by 2028.”
KEDCO, which oversees power distribution across Kano, Katsina, and Jigawa States, has faced challenges with electricity distribution in recent years. This investment is expected to facilitate improvements in infrastructure, service delivery, and access to power in underserved areas of Jigawa.
Additionally, the council approved a contract worth N595 million for the supply and installation of solar-powered streetlights in semi-urban towns. This initiative, led by the Ministry of Power and Energy, aligns with the government’s broader vision for renewable energy adoption and infrastructure development.
The announcement has been met with optimism from residents and stakeholders, who see it as a step towards unlocking the state’s economic potential. Local businesses, agricultural ventures, and educational institutions are expected to benefit significantly from the enhanced electricity supply and solar-powered infrastructure.
As the Jigawa State Government deepens its collaboration with KEDCO, this investment marks a critical turning point in its efforts to achieve energy stability and economic growth for its citizens.(NAN)
