AEDC transitions to holding company structure amid Nigeria’s decentralised power market reforms
The Abuja Electricity Distribution Plc (AEDC) says it has transitioned into a holding company (HoldCo) structure to strengthen its operations within Nigeria’s evolving electricity market and decentralised regulatory environment.
In a statement on Sunday, the distribution company said the move follows the enactment of the Electricity Act 2023, which empowers state governments to establish independent electricity markets and regulatory commissions.
AEDC said the regulatory shift prompted a restructuring of its corporate operations aimed at improving agility, strengthening governance, and enhancing service delivery across its franchise areas.
As part of the transformation, the company disclosed that it has incorporated two new subsidiary firms — Niger Electricity Distribution Company and Kogi Electricity Distribution Company.
“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.
The company also announced key executive appointments, naming Engr. Sam Odekina as chief business officer and acting managing director of the Niger Electricity Distribution Company, and Mr. Desmond Eboh as chief business officer and acting managing director of the Kogi Electricity Distribution Company.
“Plans are underway to commence operations in Nasarawa State, with the transition process expected to begin soon,” AEDC added.
The DisCo reaffirmed its commitment to supporting sustainable, state-regulated electricity markets while setting benchmarks for efficiency, reliability, and customer experience.
AEDC said it currently serves the federal capital territory (FCT) and parts of Niger, Kogi, and Nasarawa states, stressing its dedication to powering economic growth and improving quality of life.
It also noted that its 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 would enable the company to respond effectively to state-specific regulatory requirements while preserving 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,” 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 AEDC remains committed to “maintaining our high standards of service, innovation and customer focus, even as we evolve into a new structure”.
