Abuja Electricity Distribution Plc (AEDC) has restructured into a Holding Company to enhance its operational capacity and adapt to Nigeria’s changing electricity sector and newly decentralised regulatory framework.
The company, in a statement on Sunday, explained that the move follows the enactment of the Electricity Act of 2023, which allows state governments to establish independent electricity markets and regulatory bodies. In response, AEDC reconfigured its organisational model to improve flexibility, strengthen governance, and ensure more effective delivery of electricity services across its coverage areas.
As part of the reorganisation, AEDC established two new subsidiaries: Niger Electricity Distribution Company and Kogi Electricity Distribution Company. These entities will operate under the respective regulatory authorities in Niger and Kogi states while remaining part of the AEDC Group. The company also indicated plans to extend operations to Nasarawa State, with the transition process expected to commence shortly.
The restructuring included leadership appointments for the new subsidiaries. Sam Odekina was designated as Chief Business Officer and Acting Managing Director of Niger Electricity Distribution Company, while Desmond Eboh was appointed Chief Business Officer and Acting Managing Director of Kogi Electricity Distribution Company. These roles are aimed at providing strategic oversight and operational continuity during the transition.
AEDC’s Managing Director and Chief Executive Officer, Chijioke Okwuokenye, said the Holding Company structure enables the organisation to meet state-specific regulatory requirements while maintaining the Group’s overall identity and shared values. He stressed that all subsidiaries will function as one unified AEDC organisation, with consistent employment policies to ensure workforce stability, equity, and cohesion.
Okwuokenye added that the restructure is designed to increase efficiency, support long-term growth, and allow AEDC to take advantage of opportunities within Nigeria’s evolving energy landscape. He affirmed the company’s commitment to high-quality service, innovation, and customer satisfaction despite the organisational changes.
The company also emphasised its role in fostering the development of regulated state electricity markets, aiming to establish benchmarks for operational reliability, efficiency, and customer experience. Uniform employment policies have been implemented across all subsidiaries and the parent company to ensure fairness and maintain workforce morale during the transition.
AEDC currently provides electricity to the Federal Capital Territory as well as portions of Niger, Kogi, and Nasarawa states, serving residential, commercial, and industrial customers. According to the company, the shift to a Holding Company structure is intended to enhance service delivery, promote economic development, and improve living standards across its operational regions.
By creating a Holding Company and establishing state-specific subsidiaries, AEDC seeks to operate effectively within Nigeria’s decentralised electricity market, comply with new regulatory mandates, and strengthen its organisational capacity, while positioning itself for sustainable growth and improved service provision in the country’s energy sector.
