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First with the News

Nigeria: Kano Govt Eyes $10 Billion Energy Investment From Morocco

April 21, 2025
in Economy, Top Stories
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By Emmanuel Nduka 

The Kano State Government is poised to attract over $10 billion in investments from Morocco in renewable energy and solid mineral development over the next five years.

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In a statement released Sunday in Kano, Sunusi Bature Dawakin-Tofa, spokesperson for Governor Abba Kabir Yusuf, said the initiative is part of the state’s broader economic transformation strategy. The announcement follows a high-level investment mission to Morocco led by the governor.

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During the visit, the Kano delegation held strategic talks with key Moroccan institutions, including the Ministry of Energy Transition and Sustainable Development, the Moroccan Agency for Sustainable Energy (MASEN), the Moroccan Agency for Africa (OCP Africa), and the Casablanca Chamber of Commerce.

The partnerships being developed will span renewable energy, agriculture, and commerce. These agreements are expected to drive industrial growth in Kano and fast-track its transition to clean energy.

Dawakin-Tofa highlighted that discussions included investor identification, financing models, and advanced technologies for energy storage and distribution — particularly to support industrial power needs in the state.

The Casablanca Chamber of Commerce, a major African private sector platform, expressed strong interest in collaborating with Kano on renewable energy and solid minerals development.

“This partnership is a critical step toward realizing our target of $10 billion in investments over the next five years, in line with our strategic investment roadmap,” he said.

In a key meeting with OCP Africa, one of the world’s largest fertiliser producers, the company proposed a range of agricultural projects. These include setting up fertiliser blending plants, developing efficient supply chains, and supporting smallholder farmers with modern agricultural technologies.

One of the standout outcomes of the trip was a proposed partnership with MASEN. The agency, known for managing Africa’s largest solar power plant in Ouarzazate (which generates 500 megawatts), has pledged technical support for Kano’s Light-Up Kano Initiative. This project aims to generate 2,000 megawatts of solar power within five years.

“The visit represents a major milestone in Kano’s efforts to forge global partnerships for industrial development, energy transition, and sustainable agriculture,” Dawakin-Tofa added.

This development comes barely a week after the Kano governor bagged the ‘African Award for Good Governance’ at the 3rd Edition of the AfriHeritage Concert and Awards held on April 12 in Marrakech, Morocco.

 

 

 

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