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Kano releases N42.5m to compensate farmers displaced by solar power project


Jibrilla, who is the state government contact person for the project, stated that the state government had released N42, 504, 800 for payment.
He added that earlier on, meetings were held with relevant stakeholders for the professional assessment of the farmlands to ensure that no farm owner was short-changed.
“The take-off of N4 billion project is tied to payment of compensation and now that the farmers have been paid, work will commence in earnest,” he said.
Funds for the project, he explained, have already been released to the Nigeria Sovereign Investment Authority, NSIA, who have been appointed by the Federal government as the funds and Project Manager for the venture. ....

Kano State , Jibrilla Muhammad , Properties Company Ltd , Nigeria Sovereign Investment Authority , Kano State Investment , Project Manager , Federal Government , Danruwatan Kano , Ahmad Ado Bayero , கனோ நிலை , ப்ராபர்டீஸ் நிறுவனம் லிமிடெட் , நைஜீரியா இறையாண்மை முதலீடு அதிகாரம் , கனோ நிலை முதலீடு , ப்ராஜெக்ட் மேலாளர் , கூட்டாட்சியின் அரசு ,

FG begins N4bn Kano solar project


While handing over the over N42 million compensation to the over 100 beneficiaries at the palace of the District Head of Kumbotso, the contact person of the project in Kano, Dr. Jibrilla Mohammed said the contribution of the state government was to provide the necessary facility including the over 43 hectares of land for the establishment of the project.
Mohammed, who is also the MD/CEO of Kano State Investment and Properties Ltd (KSIP), said the federal government gave the responsibility of managing the project to the Nigerian Sovereign Investment Authority (NSIA) and “the project has already been paid for completely, over N4 billion. However, the arrangement is that while the federal government has taken 100 per cent of the cost of the project, the state and the local government are supposed to contribute. ....

Kano State , Jibrilla Mohammed , Properties Ltd , Askay Solar Power Ltd , Nigerian Sovereign Investment Authority , Kano State Government Thursday , District Head , Kano State Investment , Special Purpose Vehicle , கனோ நிலை , ப்ராபர்டீஸ் லிமிடெட் , அசகாய சூரிய பவர் லிமிடெட் , நைஜீரியன் இறையாண்மை முதலீடு அதிகாரம் , கனோ நிலை அரசு வியாழன் , மாவட்டம் தலை , கனோ நிலை முதலீடு , சிறப்பு நோக்கம் வாகனம் ,

How investment companies can improve state IGR – KSIP CEO


The government that set up KSIP in 1971 mandated the company to do three things. Firstly, to assist the government in propagating the economic viability of the state to investors. Secondly, to generate revenue for the government from investments made by the company. Thirdly, to act as the custodian of the properties of the state government.
 
How much has KSIP generated for the state?
In terms of liquid cash, for example last year, we gave the government N150 million from our resources. It is not an issue of how much is given every year because if you look at the buildings we have constructed, these are monies that should have gone to the coffers of the state government but were invested in properties. ....

Gombe State , Kano State , Jibrilla Mohammed , Nigerian Stock Exchange , Chief Executive Officer , Kano State Investment , Internally Generated Revenue , Northern Nigeria , கனோ நிலை , நைஜீரியன் ஸ்டாக் பரிமாற்றம் , தலைமை நிர்வாகி அதிகாரி , கனோ நிலை முதலீடு , வடக்கு நைஜீரியா ,