ABUJA, Nigeria (VOICE OF NAIJA)-Abuja Electricity Distribution Plc has unveiled a transition to a Holding Company structure, a strategic step designed to boost its ability to operate efficiently within Nigeria’s changing power sector and the newly decentralised regulatory framework.
In a statement issued on Sunday, the company said the restructuring was prompted by the passage of the Electricity Act of 2023, which authorises state governments to create independent electricity markets and regulatory bodies.
Reacting to the new regulatory landscape, AEDC explained that it had reorganised its corporate framework to improve operational flexibility, strengthen governance and enhance service delivery across its coverage areas.
As part of the reorganisation, the company incorporated two new subsidiaries Niger Electricity Distribution Company and Kogi Electricity Distribution Company.
These subsidiaries will function under the Niger State Electricity Regulatory Commission and the Kogi State Electricity Regulatory Commission, respectively, while remaining part of the broader AEDC Group.
AEDC also disclosed senior management appointments, announcing Sam Odekina as Chief Business Officer and Acting Managing Director of Niger Electricity Distribution Company, and Mr Desmond Eboh as Chief Business Officer and Acting Managing Director of Kogi Electricity Distribution Company.
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The company added that preparations were in progress to commence operations in Nasarawa State, with the transition expected to begin shortly.
Speaking on the development, AEDC’s Managing Director and Chief Executive Officer, Chijioke Okwuokenye, said the HoldCo structure enables the company to meet state-specific regulatory demands while maintaining a unified group identity, shared values and a strong commitment to operational excellence and customer satisfaction.
According to him, all subsidiaries will function as a single integrated AEDC family, operating under uniform Conditions of Service to promote staff 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,” Okwuokenye said.
He added, “We are committed to maintaining our high standards of service, innovation, and customer focus, even as we evolve into a new structure.”
AEDC reiterated its dedication to supporting the growth of sustainable, state-regulated electricity markets and to setting standards for efficiency, reliability and customer experience across its operations.
The company further noted that the recently implemented Conditions of Service apply uniformly to all staff within the parent company and its subsidiaries, reinforcing its commitment to workforce stability, equity and alignment throughout the transition.
Abuja Electricity Distribution Plc supplies electricity to the Federal Capital Territory and parts of Niger, Kogi and Nasarawa states, serving residential, commercial and industrial customers, and said it remains focused on driving economic growth and improving quality of life across its franchise areas.