100 Kano Landowners to Share N42.5m

By Ahmed Rahma

Over 100 farm landowners in Kumbotso local government area of Kano State will share the sum of N42.5 million for forfeiting their lands to the federal government for the proposed 10kw Solar Project.

Already, the money has been released for disbursement to the beneficiaries by the Kano State government.

According to the Managing Director of Kano State Investment and Properties Company Ltd, Dr Jibrilla Muhammad, the compensation was to assist the farmers to get the reward for their sacrifices.

Speaking at the commencement of the payment at the palace of the District Head of Kumbotso, Mr Ahmad Ado Bayero, the managing director further revealed that funds have been released to the Nigeria Sovereign Investment Authority (NSIA) for the project.

The NSIA was appointed by FG as the funds and Project Manager for the venture.

Dr Jubrilla stated that the project will commence now that the payment for the compensation has been made.

“The take-off of this N4 billion project is tied to payment of compensation and now that the farmers have been paid, work will commence in earnest,” he said.

He also explained that the investment formula for the project is 80 per cent FG, 15 per cent Kano state government while Kumbotso local government has five per cent as its equity.

“I want to emphasize that the Federal government selected Kano for this project in view of the states’ importance as a commercial area and a promising industrial.

“The project will contribute immensely to stabilizing power supply which is a necessary ingredient for the prosperity of the Kumbotso Industrial layout,” Dr Jibrilla stated.

He, therefore, appealed to the people to cooperate maximally towards the success of the project, in view of its importance to socio-economic development.