Kaduna State has committed N15 billion to acquire a 5.54 per cent equity stake in ASI Engineering Limited, a move aimed at improving electricity supply across the region. The deal, signed by Governor Uba Sani during the Kaduna Electric Franchise Energy Summit in London, gives the state an indirect 4.13 per cent ownership in Kaduna Electric. The agreement was confirmed in a statement released by the Commissioner for Information, Ahmed Maiyaki, who described it as part of a broader economic strategy targeting industrial growth and improved living standards. Stable power supply is central to the plan, with officials stating the investment will support long-term energy stability and boost industrial activity. The summit also served as a platform for regional dialogue, with Sani holding discussions with Governors Bello Matawalle of Zamfara and Nasir Idris of Kebbi on cooperative energy solutions.
Spending N15 billion to own less than 6 per cent of an engineering firm is a symbolic bet, not a power fix. Governor Uba Sani's indirect 4.13 per cent stake in Kaduna Electric won't flip switches or reduce outages. This is about sending a message to investors, not lighting up homes. For residents still relying on generators, the real impact remains negligible.
