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Kano, Jigawa, Katsina Sign N50bn Energy Investment Deal to Boost Northern Nigeria Economy

Business
This Day
1 min read
Kano, Jigawa, Katsina Sign N50bn Energy Investment Deal to Boost Northern Nigeria Economy

The governors of Kano, Jigawa, and Katsina states have signed a N50 billion energy investment agreement to strengthen energy security and accelerate economic growth in northern Nigeria. The deal includes establishing a regional electricity market, acquiring equity stakes in Future Energy Africa, and setting up an electrification fund to expand access to electricity.

The partnership aims to promote economic inclusivity, create a business-friendly environment, and support sustainable industrial growth. Dr. Gaddafi Sani Shehu highlighted the initiative's focus on enhancing efficiency and unlocking the economic potential of the region through improved power supply management.

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