The Abuja Electricity Distribution Plc (AEDC) has announced a major corporate restructuring, transitioning into a holding company (HoldCo) as Nigeria’s power sector shifts towards decentralised regulation.
The move, disclosed in a statement on Sunday, follows the enactment of the Electricity Act 2023, which allows state governments to establish and regulate independent electricity markets through their own regulatory commissions.
In response, AEDC said it has reorganised its operations to boost agility, strengthen corporate governance and improve service delivery across its franchise areas. As part of the transition, the DisCo has incorporated two new subsidiaries — the Niger Electricity Distribution Company and the Kogi Electricity Distribution Company.
According to the company, the new 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 part of the wider AEDC Group.
To drive the new structure, AEDC announced key executive appointments. Engineer Sam Odekina has been named Chief Business Officer and Acting Managing Director of the Niger Electricity Distribution Company, while Mr Desmond Eboh will serve as Chief Business Officer and Acting Managing Director of the Kogi Electricity Distribution Company.
The company also revealed that preparations are underway to commence operations in Nasarawa State, with the transition process expected to begin soon.
AEDC reaffirmed its commitment to supporting sustainable, state-regulated electricity markets, pledging to set benchmarks for efficiency, reliability and customer experience. The DisCo currently supplies electricity to the Federal Capital Territory (FCT) and parts of Niger, Kogi and Nasarawa states.
It also clarified that recently executed conditions of service apply uniformly across the parent company and all subsidiaries, stressing that the policy reflects its commitment to workforce stability, fairness and alignment during the transition.
Commenting on the development, AEDC’s Managing Director and Chief Executive Officer, Chijioke Okwuokenye, said the HoldCo structure would enable the company to meet state-specific regulatory requirements while maintaining a unified corporate identity.
“All subsidiaries will operate as one integrated AEDC family, with uniform conditions of service for employees, ensuring workforce stability and fairness,” Okwuokenye said.
He added that the new structure aligns with AEDC’s goal of improving operational efficiency, adapting to Nigeria’s evolving energy landscape, exploring growth opportunities and contributing meaningfully to the development of the country’s power sector.
Okwuokenye further assured customers that the company remains committed to maintaining high standards of service, innovation and customer focus despite the structural changes.
