Kano state government has commenced payment of compensation to over 100 individuals in Kumbotso local government area, whose farmlands were used for the takeoff of the 10kw solar power project by the Federal government.
Managing Director of Kano State Investment and Properties Company Ltd., Jibrilla Muhammad, stated this during the commencement of the payment at the palace of the district head of Kumbotso.
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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.
Dr. Jibrilla explained that the investment formula for the project is 80 percent Federal Government, 15 percent Kano state government while Kumbotso local government has 5 percent 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 hub”, he added.
In his remarks, the district Head of Kumbotso, Danruwatan Kano, Ahmad Ado Bayero, described the project as a welcome development which will provide employment opportunities and enhance production in the state.
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