The Jigawa State Government has allocated N1 billion to purchase a 10 percent stake in the Kano Electricity Distribution Company (KEDCO). Sagir Musa, the Commissioner for Information, Youths, Sports, and Culture, announced the approval of the funds by the state executive council. The investment is intended to enhance a stable power supply in the state, in accordance with the memorandum of understanding (MoU) signed with KEDCO. This MoU involves buying 500,000 shares from Future Energy Africa Limited, the core investors of KEDCO, to increase Jigawa State’s current 7.5 percent stake to 10 percent.
Additionally, the council has approved a contract worth N595 million for the procurement and installation of solar-powered streetlights in semi-urban towns, led by the Ministry of Power and Energy. KEDCO also disclosed an investment of $100 million in developing a 100-megawatt “Safe Grid” for reliable 24-hour electricity supply to key customers in Kano, Katsina, and Jigawa states.
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