Joseph Bakare
The Abuja Electricity Distribution Plc (AEDC) has moved to transit into a Holding Company (HOLDCO) structure, a move aimed at aligning its operations with Nigeria’s decentralised electricity regulatory framework.
The development follows the enactment of the Electricity Act of 2023, which empowers state governments to establish independent electricity markets and regulatory commissions.
AEDC, in a statement on Sunday, said the restructuring would strengthen its capacity to operate efficiently within the evolving power sector.
As part of the transition, the company has incorporated two new subsidiaries — the Niger Electricity Distribution Company and the Kogi Electricity Distribution Company.
The two entities, according to the statement, will operate under the Niger State Electricity Regulatory Commission (NSERC) and the Kogi State Electricity Regulatory Commission (KSERC) respectively, while remaining part of the AEDC Group.
The company also announced key executive appointments, which include Engr. Sam Odekina as the Chief Business Officer and Acting Managing Director of the Niger Electricity Distribution Company, and Mr. Desmond Eboh as Chief Business Officer and Acting Managing Director of the Kogi Electricity Distribution Company.
AEDC also disclosed that plans are underway to commence operations in Nasarawa State, with the transition process expected to begin soon.
Speaking on the restructuring, AEDC’s Managing Director and Chief Executive Officer, Engr. Chijioke Okwuokenye said the HOLDCO model would allow the company to respond to state-specific regulatory requirements while maintaining a unified group identity.
“The Holdco structure aligns perfectly with our goal to enhance operational efficiency and adapt to Nigeria’s evolving energy landscape while exploring new opportunities , drive growth and contribute to Nigeria’s energy sector development,” Chijioke 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.”
According to the company, all subsidiaries will operate as one integrated AEDC family, with uniform Conditions of Service for employees across the group to ensure stability and fairness during the transition.
AEDC reaffirmed its commitment to supporting the development of sustainable, state-regulated electricity markets and setting benchmarks for efficiency, reliability and customer experience. The company currently distributes electricity to the Federal Capital Territory and parts of Niger, Kogi and Nasarawa States, serving residential, commercial and industrial customers.
The company also noted that the recently executed Conditions of Service apply uniformly to all employees across the parent company and its subsidiaries, underscoring its focus on workforce alignment as it implements the new structure.