The Jigawa State Government has approved the release of N1 billion for the purchase of a 10 per cent stake in the Kano Electricity Distribution Company (KEDCO).
The government’s spokesperson, Sagir Ahmad, announced this late Monday after the state Executive Council Meeting presided over by Governor Umar Namadi.
He said the council approved the payment as part of the MoU signed to acquire 500,000 units of KEDCO shares, from Future Energies Africa Limited, the core investors in the power distribution company.
