- Kano increases equity in KEDCO to ₦50 billion to drive energy efficiency and economic growth.
- The state plans to build 50 low-cost housing estates across 36 local government areas.
Kano State has taken bold steps to enhance its economic future through investments in energy and housing development in Kano. The state government approved the optimisation of its equity stake in Future Energies Africa (FEA), the core investor in the Kano Electricity Distribution Company (KEDCO).
This move will increase Kano’s equity in KEDCO to ₦50 billion. It is designed to improve energy access, attract investors, and strengthen regional economic growth.
Commissioner for Information and Internal Affairs Ibrahim Abdullahi Waiya stated that the decision aims to enhance energy efficiency and foster a business-friendly environment for industrial expansion. He explained that Kano is determined to position itself as a key player in Nigeria’s energy transition.
To reinforce this ambition, the state also approved over ₦979 million for solar power installations at the Council Affairs Directorate and the newly renovated African House within the Government House. These projects demonstrate the government’s focus on renewable energy solutions that ensure sustainability and cost savings.
Commissioner for Power and Renewable Energy, Dr Gaddafi Sani Shehu, praised the governor’s energy vision. He noted that the administration’s policies will soon reshape the state’s socio-economic landscape. According to him, the energy investment and housing development in Kano strategy is part of a broader regional collaboration.
Kano has entered a Tri-State Energy Investment Agreement with Katsina and Jigawa states to improve electricity regulation and marketing. This partnership is expected to guarantee a reliable power supply and increase state revenue.
Beyond energy, the government also plans to construct 50 low-cost housing estates across all 36 local government areas. The initiative targets low- and middle-income earners, aiming to address housing shortages while improving living standards.
Each estate will include essential infrastructure, such as roads, electricity, and water supply, to ensure comfort and sustainability. The project will also create thousands of jobs for local artisans, engineers, and contractors, stimulating economic activity across the state.
Through these combined efforts, Kano is not only investing in infrastructure but also building a stronger, more inclusive economy.