Abuja Electricity Distribution Plc (AEDC) has transitioned into a holding company (HoldCo) as part of a strategic restructuring to operate more effectively within Nigeria’s evolving power market and decentralised regulatory framework.
Gatekeepers News reports that in a statement on Sunday, the company said the move follows the Electricity Act of 2023, which empowers state governments to establish independent electricity markets and regulatory commissions. AEDC said it has restructured its corporate operations to improve agility, strengthen governance, and enhance service delivery across its franchise areas.
As part of the transformation, AEDC incorporated two new subsidiaries: the Niger Electricity Distribution Company and the Kogi Electricity Distribution Company.
“These entities will operate under the Niger State Electricity Regulatory Commission (NSERC) and the Kogi State Electricity Regulatory Commission (KSERC), respectively, while remaining integral members of the AEDC Group,” the statement said.
Key executive appointments include Engr. 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. Plans are also underway to commence operations in Nasarawa State, with the transition process expected to begin soon.
AEDC reaffirmed its dedication to supporting sustainable, state-regulated electricity markets and setting benchmarks for efficiency, reliability, and customer experience. The company currently serves the Federal Capital Territory (FCT) and parts of Niger, Kogi, and Nasarawa states, emphasizing its commitment to powering economic growth and improving quality of life.
The company noted that recently executed conditions of service will apply uniformly across the parent company and its subsidiaries, highlighting its focus on workforce stability and fairness.
Commenting on the development, AEDC Managing Director and CEO Chijioke Okwuokenye said the HoldCo structure positions the company to respond to state-specific regulatory requirements while maintaining a unified corporate identity and commitment to operational excellence.
“All subsidiaries will operate as one integrated AEDC family, with uniform conditions of service for employees, ensuring workforce stability and fairness,” Okwuokenye said.
“The HoldCo structure aligns perfectly with our goal to enhance operational efficiency, adapt to Nigeria’s evolving energy landscape, explore new opportunities, drive growth, and contribute to Nigeria’s energy sector development. We remain committed to maintaining our high standards of service, innovation and customer focus even as we evolve into a new structure.”
