Nigeria's Kano state eyes $10 billion investment from Morocco in energy and mining sectors
Kano State, one of the 36 states of Nigeria, is looking to attract over $10 billion in investments from Morocco over the next five years, targeting renewable energy, agriculture, and solid minerals development. This ambitious announcement was made following a high-level trade and investment mission to Morocco led by Governor Abba Kabir Yusuf.
In a statement issued Sunday, April 20, the governor's spokesperson, Sunusi Bature Dawakin-Tofa, confirmed that several Memoranda of Understanding (MoUs) are set to be signed between Kano and leading Moroccan institutions.
The delegation held strategic meetings with key players including the Moroccan Ministry of Energy Transition and Sustainable Development, the Moroccan Agency for Sustainable Energy (MASEN), OCP Africa, and the Casablanca Chamber of Commerce.
«This partnership is expected to boost the state's economy and contribute to the projection of attracting up to $10 billion in investments over the next five years, in line with the state's strategic investment plan», said Dawakin-Tofa.
He added that MASEN, which runs Africa's largest solar power complex in Ouarzazate, will support Kano's «Light-Up Kano» initiative aiming to generate 2,000 megawatts of solar power in five years.
The Casablanca Chamber of Commerce expressed «keen interest» in partnering with Kano, while OCP Africa proposed establishing fertiliser blending plants, modernised agricultural supply chains, and tech-based support for smallholder farmers.
Calling the visit a «major achievement», Dawakin-Tofa said the agreements will cover investment sourcing, innovative financing, and technology transfer, helping to drive Kano's industrial growth and clean energy transition.
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