Nigeria, Oct. 21 -- The governments of Kano, Katsina, and Jigawa states have reached an advanced stage of talks to establish a regional electricity market and aim to raise N50 billion to fast-track access to power among consumers.

Also, the states are looking to acquire equity stakes in Future Energies Africa (FEA), the core investor in Kano Electricity Distribution Company (KEDCO), according to a press release posted on X on Monday by Saad Umar Faruk (@Asad_Mukty), the public relations officer of the Ministry of Power and Energy, Kano State.

The expectation is that the share acquisition will boost KEDCO's strategic direction and improve electricity distribution in the region.

The agreement was reached during a high-level electrificati...