Kano, two others sign N50m energy investment deal

The Kano State Governor, Alhaji Abba Kabir Yusuf, has led the signing of a ?50 billion Tri-State Energy Investment Agreement with the Governments of Katsina and Jigawa States.

In a statement signed by the Governor’s Spokesperson, Sanusi Bature Dawakin Tofa, the landmark deal marks a major step toward strengthening energy security and accelerating economic transformation in Northern Nigeria.

According to the statement, ‘The agreement, finalized during the High-Level Electrification Summit held in Marrakech, Morocco, from October 16 to 19, 2025, will see the three states jointly establish a regional electricity market and acquire equity stakes in Future Energies Africa (FEA), the core investor in the Kano Electricity Distribution Company (KEDCO).’

The statement further quoted Governor Yusuf, who initiated the collaborative framework, as saying that the partnership is a strategic effort to achieve energy sufficiency, promote economic inclusion, and create a business-friendly environment that supports sustainable industrial growth in Kano and across the region.

He noted, ‘Our goal is to make Kano the industrial heartbeat of Northern Nigeria once again. By investing in regional energy solutions, we are empowering businesses, creating jobs, and ensuring reliable electricity that drives prosperity across our communities.’

Under the partnership, the three states will establish a ?50 billion Electrification Fund to expand access to electricity through embedded generation, grid extension, mini-grids, and solar home systems.

Earlier, Dr. Gaddafi Sani Shehu, Kano State Commissioner for Power and Renewable Energy, explained that the initiative will enhance KEDCO’s efficiency and unlock the region’s economic potential through improved power supply and management.

The deal represents a bold vision by Governor Yusuf’s administration to create a stable and sustainable energy ecosystem, positioning Kano as a regional hub for power and investment, and reaffirming his government’s commitment to good governance, innovation, and people-centered development.

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