Abuja Electricity Distribution Transitions to Holding Company Structure

...Announces New Subsidiaries and Strategic Appointments

Abuja Electricity Distribution Plc (AEDC) has announced its transition into a Holding Company (HOLDCO) structure, marking a major strategic shift aimed at strengthening its operations within Nigeria’s evolving electricity market and decentralised regulatory framework.

The restructuring follows the enactment of the Electricity Act 2023, which empowers state governments to establish independent electricity markets and regulatory commissions. In response, AEDC said it has realigned its corporate structure to improve operational agility, strengthen governance and enhance service delivery across its franchise areas.

As part of the transition, the company has incorporated two new subsidiaries: Niger Electricity Distribution Company and Kogi Electricity Distribution Company. Both entities will operate under their respective state regulators, the Niger State Electricity Regulatory Commission (NSERC) and the Kogi State Electricity Regulatory Commission (KSERC), while remaining integral members of the AEDC Group.

Key executive appointments have also been announced. Engr. Sam Odekina has been appointed Chief Business Officer and Acting Managing Director of Niger Electricity Distribution Company, while Mr Desmond Eboh takes on the role of Chief Business Officer and Acting Managing Director of Kogi Electricity Distribution Company. AEDC also disclosed that plans are underway to commence operations in Nasarawa State, with the transition process expected to begin shortly.

Speaking on the development, AEDC’s Managing Director and Chief Executive Officer, Engr. Chijioke Okwuokenye, said the new HOLDCO structure positions the company to respond effectively to state-specific regulatory requirements while maintaining a unified corporate identity.

According to him, all subsidiaries will continue to operate as one integrated AEDC family, guided by shared values and a common commitment to operational excellence and customer service. He added that uniform Conditions of Service would apply across the Group, 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 contribute to Nigeria’s energy sector development,” Chijioke said.

“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 reaffirmed its commitment to supporting the development of sustainable, state-regulated electricity markets and to setting benchmarks for efficiency, reliability and customer experience across its operations. The company noted that the recently executed Conditions of Service apply uniformly to all employees across the parent company and its subsidiaries, underscoring its commitment to alignment and stability during 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 remains focused on powering economic growth and improving quality of life across its franchise areas.