Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Plc (KAEDC) over the company’s cumulative market obligations of N456.5 billion and prolonged financial and operational difficulties.
Gatekeepers News reports that the decision was announced by the regulator on Monday, August 10, 2026, following concerns over the electricity distribution company’s financial condition and performance.
NERC also appointed KAEDC’s Managing Director and Chief Executive Officer, Dr Abubakar Umar Hashidu, as administrator of the company for an initial six-month period. The move is intended to provide stronger oversight and address the DisCo’s financial, operational and regulatory challenges.
The regulator’s intervention comes amid concerns over the ability of Kaduna DisCo to meet its obligations within Nigeria’s electricity market. The N456.5 billion figure represents the company’s cumulative market obligations, which NERC identified alongside prolonged operational and financial problems as reasons for the board’s dissolution.
