Kano, Katsina, Jigawa Float N50bn Power Fund

The governments of Kano, Katsina, and Jigawa States have agreed to jointly establish a ₦50bn Tri-State Electrification Fund in partnership with Future Energies Africa (FEA).

FEA is the core investor in the Kano Electricity Distribution Company (KEDCO).

The fund, described as the first of its kind in Nigeria, is designed to fast-track electrification across the three northwestern states through embedded generation projects, renewable energy deployment, solar home systems, mini-grids, and grid extension initiatives.

The Head of Corporate Communications at KEDCO, Sani Bala Sani, in a statement he issued on Monday, stated that the agreement was reached during a High-Level Electrification Summit held over the weekend in Marrakech, Morocco, from October 16 to 19, 2025.

The statement added that the summit was attended by the executive governors of the three states, Mallam Abba Kabir Yusuf (Kano), Mallam Dikko Radda (Katsina), and Mallam Umar Namadi (Jigawa), alongside senior government officials and power sector stakeholders.

Also in attendance were the Speakers of Katsina and Jigawa State Houses of Assembly, Hon. Nasir Yahaya Saif and Hon. Haruna Aliyu Dangyatin; Commissioners for Power from Kano and Jigawa, Dr Gaddafi Sani Shehu and Dr Surajo Alhaji Musa; and the Special Adviser on Power to the Katsina Governor, Dr Hafiz Ibrahim Ahmed.

The Attorney-General of Jigawa State, Bello Fanini Abubakar, and NERC Commissioner, Dafe C. Akpeneye, also participated in the sessions.

The statement added further that Future Energies Africa, led by its Chairman, Alhaji Najib J.A. Koguna, hosted the summit, with key executives including Ahmad Rufai Zakari, Alhaji Habib Daura Ahmed, and Engr. Yusuf Usman Yahaya.

The Chairman of KEDCO, Alh. Adamu Ibrahim Gumel, and its Managing Director, Dr Abubakar Jimeta, were also present.

Experts from DLA Piper, the Boston Consulting Group, and BlackAion Capital provided technical support.

“In addition to the fund, the meeting produced several key resolutions, including commitments by Kano and Katsina to join Jigawa in acquiring equity stakes in Future Energies Africa, thereby strengthening their influence over KEDCO’s strategic direction.

“The states also agreed to collaborate on reducing distribution losses and improving supply reliability to consumers while exploring opportunities under the Electricity Act for regional regulation and market integration.

“The partners further resolved to hold an annual international retreat and quarterly review meetings to assess progress and set new goals for the evolving North-Western Tri-State Electricity Market,” the statement stated.