The Jigawa State Government has approved the allocation of N1billion for a 10 percent stake in the Kano Electricity Distribution Company.
This decision, announced by the Commissioner for Information, Youths, Sports and Culture, Mr. Sagir Musa, was made to enhance stable power supply in the state.
The funding aligns with a memorandum of understanding signed between the state government and the Kano Electricity Distribution Company, under which the state will acquire 500,000 shares from Future Energy Africa Limited, the company’s core investor.
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This move will increase the state’s shareholding from 7.5 percent to 10 percent.
Additionally, the acquisition aims to ensure reliable electricity provision for all Tier 1 urban centers and rural areas in Jigawa State by the year 2028.
The state executive council also approved a contract for the supply and installation of solar-powered street lights in semi-urban towns, further supporting the state’s energy initiative.