The Kano State House of Assembly has given its approval to Governor Abba Yusuf’s bold request to access a loan of N4 billion from the Central Bank of Nigeria (CBN). This loan will be utilized for the timely completion of the Tiga and Challawa Hydro-electric Power Project, a move that is set to have a significant impact on the state’s power infrastructure.
The approval comes after the adoption of a motion presented by Lawan Hussaini, the Leader of the House, during a plenary session. In his motion, Mr. Hussaini emphasized that the loan comes with a single-digit interest rate, ensuring that it will not have any adverse effects on the state’s economy.
One of the key benefits of completing this project is its potential to revive ailing industries within Kano State. The project aims to generate 35MW of electricity by utilizing the Challawa and Tiga dams. This initiative was initially set in motion by the administration of former Governor Rabi’u Kwankwaso and has been continued by Governor Abdullahi Ganduje since coming into power in 2015.
Governor Yusuf, in his letter to the House seeking approval, highlighted the various ways in which the funds will be utilized. The completion of the project will not only boost the state’s economy but also contribute to the revitalization of industries, facilitate irrigation farming, and provide power for street lights in and around the city.
This development signifies a significant step forward for Kano State’s power sector and its overall economic growth. The Kano State House of Assembly’s approval of the loan request is a testament to their commitment to improving the lives of the people and spurring development within the state.
NAN (News Agency of Nigeria) will continue to monitor the progress of this project and provide updates on its successful completion. The future looks promising as Kano State stands poised to harness the power of hydro-electricity for the benefit of its people and the entire state.
