FG signs 25MW IPP deal for Kano Free Trade Zone

The Federal Government, on Friday, said it had signed a 25 megawatt Independent Power Project (IPP) agreement, to enhance electricity supply to industries in the Kano Free Trade Zone (KFTZ).

The Minister of Trade, Industry and Investment, Richard Adeniyi-Adebayo,
who stated this during a facility tour of the KFTZ in Kano, explained that the agreement was signed with a reputable firm and that the project was expected to be completed within 11 months.

He said the government also initiated viable programmes to fast track infrastructure development and provision of other facilities to encourage investment in the KFTZ.

According to the minister, the Federal Government had evolved proactive measures to encourage investments that would stimulate industrial growth, to enable indigenous companies compete favourably with industries elsewhere.

Adebayo added that the ministry was implementing sound policies and programmes to assist investors, to enable them run successful and profitable enterprises.

He said the ministry was in discussions with the Bureau for Public Enterprises (BPE), adding that no decision had been taken on the proposed privatisation of Kano and Calabar Free Trade Zones.

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