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Jigawa State Invests in Kano Electricity Distribution Company

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Investment,Electricity,Nigeria

The Jigawa State Government has approved the release of N1 billion to purchase a 10% stake in Kano Electricity Distribution Company (KEDCO). This strategic investment aims to consolidate the state's existing 7.5% shareholding and ensure a consistent power supply to urban and rural areas by 2028.

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He said the council approved the payment as part of the MoU signed to acquire 500,000 units of KEDCO shares, from Future Energies Africa Limited, the core investors in the power distribution company. “Similarly, the MoU is aimed at ensuring adequate provision of constant electricity supply to all tier 1 Urban Centers and Rural electrification in the State by the year 2028” Mr Ahmad said.

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