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    MarketForces Africa » MarketForces News » Sokoto Approves N950m to Complete Independent Power Project

    Sokoto Approves N950m to Complete Independent Power Project

    Julius AlagbeBy Julius AlagbeNovember 20, 2024 News No Comments2 Mins Read
    Sokoto Approves N950m to Complete Independent Power Project
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    Sokoto Approves N950m to Complete Independent Power Project

    The Sokoto State Government has approved N950 million for the completion of 38-megawatt Independent Power Project (IPP) started in 2008. The Commissioner for Information and Culture, Alhaji Sambo Danchadi, disclosed this after the State Executive Council (SEC) meeting on Wednesday in Sokoto.

    Danchadi said the IPP project, started by former Gov. Alhaji Aliyu Wammako administration in 2008, aimed at providing 24-hour electricity to the state.

    He said the project would generate 38 megawatts of electricity when completed, assuring that the project would no doubt rejuvenate social and economic activities across the state.

    ”The present administration consider it paramount to complete the project in view of the investment made so far and its importance to the citizens of the state,” Danchadi said.

    The commissioner also disclosed that the state government has approved the sum of N222 million for the rehabilitation of Waziri Junansu History Bureau, “which serves as a menoment and tourist attraction site in the state.”

    He further said hostels at Shehu Shagari College of Education and Umaru Aliyu Shinkafi Polytechnic owned by the state government would be reconstructed at the cost of about N480 million.

    Danchadi added that additional vehicles would be procured for Deputy Governor’s office and security operatives in the state. According to him, during the sitting, the council approves a Medium Expenditure Framework (M-TEF) for 2025 to 2027 along with boreholes repairs and water treatment supply to the tune of N203 million.

    Also speaking, the Commissioner for Lands and Housing, Alhaji Nasiru Dantsoho, said about N4.7 billion was approved for the construction road networks in Sultan Maccido School of Arabic and Islamic Studies as well as township roads and roundabouts.

    Similarly, the Commissioner for Religious Affairs, Dr Jabir Maihula, said about N1.9 billion was approved for the reconstruction of Jumu’at Mosques, Islamiyya Schools across the state. FX Stability: CBN Sells 122.671m Dollars to 46 Authorised Dealers

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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