Abuja DisCo Transitions To Holding Company With New Subsidiaries In Niger, Kogi

Abuja Electricity Distribution Plc (AEDC) announced its shift to a Holding Company (Holdco) structure, creating new subsidiaries for Niger and Kogi states to adapt to Nigeria’s decentralised electricity market, as enabled by the Electricity Act of 2023.

The Electricity Act of 2023 empowers state governments to establish independent electricity markets and regulatory commissions.

AEDC, in a statement on Sunday, said it had realigned its corporate structure in response to this regulatory shift to enhance operational agility, improve governance, and support efficient service delivery across its franchise areas.

The company detailed that it had incorporated the Niger Electricity Distribution Company, to be regulated by the Niger State Electricity Regulatory Commission (NSERC), and the Kogi Electricity Distribution Company, under the Kogi State Electricity Regulatory Commission (KSERC). AEDC emphasised that both subsidiaries would remain integral to the AEDC Group.

AEDC disclosed key executive appointments: Sam Odekina as chief business officer and acting managing director of the Niger Electricity Distribution Company, and  Desmond Eboh as chief business officer and acting managing director of Kogi Electricity Distribution Company, adding that plans were underway to commence operations in Nasarawa State, with the transition process expected to begin soon.

AEDC’s managing director/CEO,  Chijioke Okwuokenye, stated that the HOLDCO structure positioned the company to respond to state-specific regulatory requirements while preserving the Group’s unified identity, shared values, and commitment to operational excellence and customer service. All subsidiaries will operate as one integrated AEDC family, with uniform Conditions of Service for employees, ensuring workforce stability and fairness.

“The Holdco structure aligns perfectly with our goal to enhance operational efficiency and adapt to Nigeria’s evolving energy landscape while exploring new opportunities, driving growth and contributing to Nigeria’s energy sector development,” Chijioke said.

Okwuokenye further stated that the structure aligned with AEDC’s aims to boost efficiency, navigate Nigeria’s evolving energy landscape, seize new opportunities, drive growth, and contribute to the sector’s development.

“We are committed to maintaining our high standards of service, innovation and customer focus, even as we evolve into a new structure,” he further said.

AEDC reaffirms its commitment to supporting sustainable, state-regulated electricity markets and setting benchmarks for efficiency, reliability, and customer experience. The company serves the Federal Capital Territory and parts of Niger, Kogi, and Nasarawa States, and remains dedicated to powering economic growth and improving quality of life.

AEDC reaffirmed its commitment to supporting the development of sustainable, state-regulated electricity markets and to setting a benchmark for efficiency, reliability, and customer experience across its operations.

AEDC further noted that the recently executed Conditions of Service apply uniformly to all employees across the parent company and its subsidiaries, underscoring the Group’s commitment to workforce stability, fairness, and alignment during the transition.

Abuja Electricity Distribution Plc distributes electricity to the Federal Capital Territory and parts of Niger, Kogi, and Nasarawa States, serving residential, commercial, and industrial customers, and remains committed to powering economic growth and improving quality of life across its franchise areas.

He affirmed the company’s dedication to upholding high standards of service, innovation, and customer focus amid the changes.

AEDC reaffirmed its commitment to fostering sustainable, state-regulated electricity markets and setting benchmarks for efficiency, reliability, and customer experience.