Kano, Katsina, Jigawa Launch ₦50bn Power Fund

Key Figures & Findings: The governments of Kano, Katsina, and Jigawa States in Northwest Nigeria have agreed to establish a Tri-State Electricity Market to jointly tackle their severe power deficit. The governors reached the landmark agreement following an Electrification Summit in Marrakech. The states plan to jointly acquire significant equity in Future Energies Africa (FEA), the core investor in the Kano Electricity Distribution Company (KEDCO), and aim to fast-track power delivery through embedded generation, mini-grids, solar home systems, and grid extensions. 

Statistics & Insights:

• Funding: The three states plan to float a ₦50 billion Electrification Fund to accelerate access to power.

• Deficit: The estimated electricity demand for the three states (700 MW) dwarfs the current supply (130 MW).

Future Implications: If implemented effectively, the Tri-State Electricity Market could become Nigeria’s first sub-national power consortium, providing a scalable model for regional energy autonomy and investment-led electrification. 

Source: BusinessDay

Quick Take: Three major Nigerian states are pooling ₦50 billion to buy a stake in their local DisCo, marking a bold, collaborative effort to solve their critical 700 MW power deficit with local solutions.