The Jigawa State Government has approved the sum of N1 billion to acquire a 10 percent stake in the Kano Electricity Distribution Company (KEDCO).
The Commissioner for Information, Youths, Sports, and Culture, Sagir Musa, disclosed this during a press briefing after the state executive council meeting. He explained that the funds would be used to purchase 500,000 shares from Future Energy Africa Limited, KEDCO’s core investor, thereby increasing the state’s ownership from 7.5 percent to 10 percent.
According to Musa, the investment aligns with a memorandum of understanding (MoU) signed between the state government and KEDCO, aimed at improving electricity supply across Jigawa.
“The MoU focuses on ensuring a stable electricity supply to Tier 1 urban centers and achieving rural electrification across the state by 2028,” he said.
The commissioner also revealed that the council approved a N595 million contract for the installation of solar-powered streetlights in semi-urban areas.
The project will be executed under the supervision of the Ministry of Power and Energy.
