AEDC Adopts HoldCo Structure After Electricity Act 2023
By SAMUEL MOBOLAJI
Abuja Electricity Distribution Plc (AEDC) has transitioned into a holding company (HoldCo) structure, a move designed to align with Nigeria’s decentralised electricity regulatory framework introduced by the Electricity Act 2023.
The company announced the restructuring in a statement on Monday, noting that the new structure is aimed at improving operational agility, strengthening corporate governance, and enhancing service delivery across its franchise areas. AEDC currently serves the Federal Capital Territory (FCT) and parts of Niger, Kogi, and Nasarawa states.
As part of the transformation, AEDC incorporated two new subsidiaries — Niger Electricity Distribution Company and Kogi Electricity Distribution Company — which will operate under the Niger State Electricity Regulatory Commission (NSERC) and the Kogi State Electricity Regulatory Commission (KSERC), respectively. Both entities remain integral members of the AEDC Group.
The company emphasised that all subsidiaries will operate under uniform conditions of service for employees, ensuring workforce stability and fairness. Key executive appointments include Engr. Sam Odekina as Acting Managing Director of Niger Electricity Distribution Company and Mr Desmond Eboh as Acting Managing Director of the Kogi Electricity Distribution Company.
The restructuring reflects broader changes in Nigeria’s power sector following the Electricity Act 2023, which empowers states to establish independent electricity markets and regulatory commissions, reducing sole reliance on federal oversight.
Similar moves have been seen in Lagos, where Eko Electricity Distribution Company (EKEDC) created Excel Electricity Distribution Company Limited in October 2025 to handle state-level operations.
Performance figures underscore AEDC’s operational strength. According to NERC data, the Abuja Disco received energy worth ₦46.32 billion in October 2025, billed ₦38.93 billion (representing 84.05% billing efficiency) and collected ₦34.39 billion, achieving an 88.35% collection efficiency, one of the stronger performances among distribution companies that month.
AEDC 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, driving growth, and contributing to Nigeria’s energy sector development.”
