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Governor Namadi’s Visionary Investment in Kano DisCo Yielding Results

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When the Jigawa State Government announced in January 2024 that it would invest ₦4 billion into Future Energies Africa (FEA) to acquire a 2.5 percent stake in the Kano Electricity Distribution Company (KEDCO), many Nigerians were skeptical.

The move broke from the traditional playbook of state governments, which have long limited their involvement in the power sector to donations of transformers and short-term palliatives. But 18 months later, Governor Umar Namadi’s bet is showing clear signs of paying off, both in returns and results.

On July 7, 2025, the State Executive Council approved the second tranche payment of ₦1 billion to FEA, reinforcing Jigawa’s long-term commitment to the partnership. The investment, the first of its kind by any Nigerian state since the 2013 power sector privatisation, is already producing tangible outcomes in terms of electricity access, infrastructure upgrades, and fiscal returns.

A Strategic, Unorthodox Investment:

The context behind Jigawa’s bold move is compelling. FEA had just acquired KEDCO’s majority shareholding from Fidelity Bank after the latter placed the electricity distributor in receivership due to poor performance by the previous core investors. The opportunity was ripe for a reset, and Namadi seized it, not just to secure power supply improvements but to ensure Jigawa had a financial stake in the success of the region’s power distribution.

Crucially, the investment deal did more than buy equity. It required FEA to commit to matching, and even exceeding, Jigawa’s ₦4 billion investment with infrastructure developments targeted specifically at the state. Sources in the State House say Namadi was adamant that the funds should yield measurable returns, not just political goodwill.

Performance rebound – KEDCO Emerges as Leader:

KEDCO, which previously lagged behind its peers in operational and financial performance, has undergone a dramatic transformation under FEA’s stewardship. When FEA took over, the company’s market remittance rate was a dismal 59 percent. Today, according to the Nigerian Electricity Regulatory Commission (NERC)’s Q1 2025 performance report, KEDCO is the best-performing DISCO in Northern Nigeria, with a remittance performance above 100 percent.

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The turnaround is credited to a new governance structure led by the FEA-appointed board, working closely with the Bureau of Public Enterprises and state governments in the KEDCO franchise area — namely Kano, Katsina, and Jigawa. Improvements in billing and collection efficiencies have followed, significantly reducing commercial losses.

Powering Jigawa – From Urban Hubs to Rural Grids:

Even more remarkable are the on-ground infrastructure developments now reshaping Jigawa’s power landscape. FEA’s infrastructure commitments include up to 10MW of interconnected solar mini-grids in key cities, including Dutse, Gumel, Hadejia, Kafin Hausa, Kazaure, and Ringim.

These projects are being implemented through FEA’s renewable energy subsidiary, Bagaja Renewables, which previously constructed Nigeria’s largest interconnected mini-grid in Zawaciki, Kano. The flagship 500kW mini-grid in Kafin Hausa is nearing 95% completion, built at an estimated cost of ₦950 million. Additionally, the once-damaged second substation in Dutse has been fully repaired and brought back online, restoring redundancy and minimizing blackout risk in the capital — a project that cost nearly ₦200 million.

According to Sani Bala Sani, spokesperson for KEDCO, the next wave of mini-grids will focus on Hadejia and the Maigatari Free Trade Zone in Gumel. “We estimate to spend an incremental $3 million on these projects,” Bala said. “Our investors are bullish about the sector, and we’re actively engaging the Jigawa State Government on additional projects — including one to replace the Gagarawa-Taura-Ringim line, now under federal supervision.”

In a separate milestone, FEA recently completed a 39-kilometre distribution line delivering Band A electricity supply to the Dawanau International Grain Market, a major agro-trade hub. This line is expected to boost industrial activity in the region and aligns with Jigawa’s larger agro-industrial ambitions.

A Model for Energy Reform:

Governor Namadi’s “Agenda for Greater Jigawa” is increasingly being recognized as a template for pragmatic and forward-thinking energy policy at the subnational level. By choosing to invest strategically, rather than merely spending, Jigawa is positioning itself as a pioneer in driving inclusive electrification and sustainable industrial growth.

The governor’s approach also breaks with the traditional donor-recipient dynamic that has long defined state-DISCO relationships in Nigeria. Rather than providing infrastructure on behalf of the utility, Jigawa is shaping utility investment priorities through an ownership lens, and the results are speaking for themselves.

The Road Ahead:

While the full dividends of Jigawa’s investment in KEDCO and FEA are yet to be realised, early indicators suggest a partnership built on accountability, innovation, and mutual benefit. The alignment of public capital with private sector efficiency appears to be catalyzing a virtuous cycle of growth.

Challenges remain, especially as the federal government continues to recalibrate its role in power sector development. However, Jigawa’s proactive engagement and insistence on a structured, ROI-driven model have provided the state with both leverage and learning.

As Nigeria continues to grapple with widespread electricity shortfalls, Jigawa’s success offers a compelling case study and a challenge to other states to rethink their approach to power sector participation. Governor Namadi’s gamble is not only yielding returns; it is changing the conversation on how to build a reliable, sustainable energy future in Nigeria.

Signed:
Sani Bala Sani
22/07/2025

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Shamaki Congratulates Yari on Appointment as Tinubu’s Campaign DG

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A chieftain of the All Progressives Congress (APC), Shamakin Marafan Sokoto has congratulated Senator Abdul’aziz Yari Abubakar on his appointment as Director-General of the APC Presidential Campaign Council for the 2027 election.

Shamaki described Yari’s appointment as well deserved, saying his wealth of political experience, leadership qualities and proven track record contributed significantly to his emergence for the important position.

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He said Yari’s experience would play a key role in mobilising support and coordinating the APC’s campaign efforts towards ensuring the success of President Bola Ahmed Tinubu and the party in the 2027 presidential election.

According to him, the appointment reflects the confidence the APC leadership has in Yari’s capacity to deliver, particularly given his years of experience in politics and governance.

Shamaki expressed optimism that Yari would bring his vast political network and organisational skills

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Call Me Chairman, Not Tony!’: Elumelu’s Blunt Correction of Trainee Splits Internet as Old Video Sparks Double Standard Fury

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By Yusuf Danjuma Yunusa

A seemingly brief exchange between United Bank for Africa (UBA) Group Chairman, Tony Elumelu, and a female graduate trainee has erupted into a nationwide conversation about cultural values, corporate etiquette, and the politics of address, after a video of the interaction went viral on social media.

The incident occurred on Thursday, August 20, 2026, during an interactive session at the graduation ceremony for UBA’s Graduate Management Accelerated Programme (GMAP) in Lagos. In the now-viral clip, the trainee began her question by greeting the billionaire businessman with a casual, “Good morning, Tony.”

Mr. Elumelu, who was serving as a mentor at the event, promptly and firmly corrected her. According to multiple reports, he told her: “No, you won’t call me Tony. You call me Mr. Elumelu, or TOE, or Chairman.” He further justified his stance, explaining that he does not subscribe to what he termed the casual, Western-style familiarity in professional settings. “I don’t subscribe to that kind of Oyinbo life, okay!” he added.

The exchange has since polarized the Nigerian public, sparking a fierce debate on social media.

One faction of netizens has rallied behind Mr. Elumelu, arguing that the trainee’s address was a clear sign of disrespect, given his status as the chairman of a major financial institution and his seniority in age. Commentators argued that in a formal setting, the use of a title is a basic sign of respect. One social media user remarked, “Common sense should make you understand that at that moment, you are not talking to your friend, but what he is, a chairman or boss, or at least an adult that is obviously older than you.”

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Conversely, a second group has come to the trainee’s defense. They argue that modern corporate culture, even within Nigerian banks, often encourages a first-name basis to foster a more egalitarian and open work environment. A former UBA staff member, Innocent Istifanus Moses, confirmed that GMAP graduates are typically taught to address colleagues, including senior executives, by their first names. In his view, the trainee’s mistake was not irredeemable, and he advised her to issue a brief, sincere apology. “Mistake–briefly acknowledge–correct it– move on confidently,” wrote one observer.

Accusations of Double Standard Emerge

The debate took a sharper turn when an old video resurfaced online, showing Mr. Elumelu in a 2022 interview with Chisom Obi-Okoye, an MBA student at Stanford Graduate School of Business in the United States. In that footage, the student interviewer addressed him as “Hi Tony” multiple times without any objection or correction from the businessman.

This discovery has led to widespread accusations of a double standard. Critics argue that Mr. Elumelu is willing to accept the casual, “Oyinbo” culture he decried when it suits him in an international setting but enforces a rigid traditional hierarchy at home. One Facebook user, Awuzie Frankline, questioned the inconsistency, stating, “Respect should be consistent not dependent on someone’s status, location or social class.”

Defense: ‘When in Rome, Behave Like The Romans’

In defense of the UBA Chairman, supporters have argued that there is no contradiction, as the two situations occurred in vastly different cultural contexts. They contend that Mr. Elumelu was simply adapting to the norms of his environment—behaving like the Romans while in Rome, as it were. In a formal corporate setting in Nigeria, they argue, it is appropriate to demand the traditional respect that is due to one’s elders and superiors. As one commentator put it, the issue is about “the need to adjust to culture and nuance as they come.”

Beyond the immediate controversy, the incident has opened a wider conversation about generational differences, the clash between traditional African values and Western corporate norms, and the importance of navigating social cues in professional environments.

Jide Akintunde, a social commentator, expressed surprise at Mr. Elumelu’s objection, noting that his first name has been central to his public and industry branding for years. He suggested that the public correction, while perhaps justified, could have been handled privately to avoid humiliating the young trainee.

As of Friday, the young woman at the center of the storm has not made a public statement. The video, however, continues to trend, serving as a potent reminder of the intricate and often unspoken rules that govern professional and social interactions in Nigeria.

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President Tinubu Suspends Three Perm Secs as ICPC Uncovers Another Fake Agency in SGF Office

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By Yusuf Danjuma Yunusa

President Bola Tinubu has ordered the immediate arrest of George Nwabueze over the alleged operation of a fake government agency within the premises of the office of the secretary to the government of the federation (OSGF).

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The president also ordered the immediate suspension of three permanent secretaries following fresh findings by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in its investigation into alleged fake government agencies and weaknesses in public service processes.

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