Abuja Disco Transitions Into Holdco, Unveils New Subsidiaries

The Abuja Electricity Distribution Plc (AEDC) says it has transitioned into a holding company (HoldCo) to enhance its ability to operate effectively within Nigeria’s evolving power market and decentralised regulatory environment.

The DisCo, in a statement on Sunday, said the move follows the enactment of the Electricity Act of 2023, empowering state governments to establish independent electricity markets and regulatory commissions.

The company, in response to the regulatory shift, said it has restructured its corporate operations to improve agility, strengthen governance, and enhance service delivery across its franchise areas.

The AEDC also disclosed that it incorporated two new subsidiary companies — Niger Electricity Distribution Company and the Kogi Electricity Distribution Company — as part of the transformation,

“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 reads.

“Key executive appointments have been made, including 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 underway to commence operations in Nasarawa State, with the transition process expected to begin soon.”

The DisCo reaffirmed its dedication to supporting sustainable, state-regulated electricity markets and setting benchmarks for efficiency, reliability, and customer experience.

The company said it serves the federal capital territory (FCT) and parts of Niger, Kogi, and Nasarawa states, expressing its dedication to powering economic growth and improving quality of life.

AEDC noted that the recently executed conditions of service apply “uniformly to all employees across the parent company and its subsidiaries, underscoring the group’s commitment to workforce stability, fairness, and alignment during the transition”.

Commenting on the development, Chijioke Okwuokenye, AEDC’s managing director and chief executive officer (CEO), said the HoldCo structure positions the company to respond to state-specific regulatory requirements while maintaining a unified corporate identity, shared values, and a strong commitment to operational excellence and customer service.

“All subsidiaries will operate as one integrated AEDC family, with uniform Conditions of Service for employees, ensuring workforce stability and fairness,” he said.

“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.”

Okwuokenye added that the AEDC is committed to “maintaining our high standards of service, innovation and customer focus, even as we evolve into a new structure”.