The governments of Jigawa, Katsina, and Kano states have entered into a strategic alliance to establish a tri-state electricity market and acquire equity in Future Energies Africa (FEA), the core investor in the Kano Electricity Distribution Company (KEDCO).
The Jigawa State Commissioner for Information, Youth, Sports and Culture, Sagir Musa, disclosed this during a press briefing in Dutse on Monday.
Musa explained that the agreement was reached over the weekend during a High-Level Electrification Summit held in Marrakech, Morocco, from October 16 to 19.
According to him, the three states agreed to take equity stakes in Future Energies Africa to strengthen KEDCO’s operational and strategic capacity.
N50 Billion Electrification Fund Launched
“The three states, in partnership with Future Energies Africa, will embark on a first-of-its-kind electrification fund with a target capitalisation of ₦50 billion in the first instance,” Musa said.
He stated that the initiative aims to rapidly expand electricity access and improve power supply across the three states through:
Embedded power generation using renewable energy
Deployment of solar home systems
Grid extension projects
Mini-grid development
Legal Backing and Market Framework
Musa added that the states would leverage the provisions of the Electricity Act to establish a tri-state electricity market with mutually beneficial regulatory frameworks.
He said they are working closely with KEDCO to reduce energy losses from residential consumers and improve power distribution to residents.
Governance Structure
To ensure sustained implementation, Musa noted that:
The three governors and Future Energies Africa will hold quarterly review meetings.
An annual international retreat will also be convened to evaluate progress and strengthen collaboration under the Northwestern tri-state electricity market.
Jigawa Delegation
He confirmed that Governor Umar Namadi and the Jigawa State Commissioner for Power, Surajo Musa, attended the summit on behalf of the state.
