The Abuja Electricity Distribution Plc (AEDC) says it has formally transitioned into a holding company (HoldCo).
In a statement issued on Sunday, the DisCo said the restructuring follows the implementation of the Electricity Act 2023, which grants state governments the authority to establish their own electricity markets and regulatory bodies.
According to the company, the new structure will improve organisational agility, enhance governance systems, and boost service delivery across the utility’s coverage areas.
As part of the reform, the AEDC announced the incorporation of two new subsidiaries — 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.
It added that new leadership roles have been confirmed, including the appointment of Engr. Sam Odekina as Chief Business Officer and Acting Managing Director of the Niger Electricity Distribution Company, alongside Mr. Desmond Eboh, who assumes the same positions for the Kogi Electricity Distribution Company.
“Plans are underway to commence operations in Nasarawa State, with the transition process expected to begin soon,” the company noted.
The statement reaffirmed AEDC’s commitment to building a sustainable, state-regulated electricity market while leading improvements in efficiency, reliability, and customer experience.
Serving the federal capital territory and parts of Niger, Kogi, and Nasarawa states, the company emphasised its goal of supporting economic growth and enhancing quality of life across its footprint.
AEDC said its newly implemented conditions of service will be applied “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”.
Reacting to the development, managing director and CEO, Chijioke Okwuokenye, said the HoldCo model allows the company to meet state-specific regulatory demands while keeping a cohesive corporate identity founded on shared values and a consistent service culture.
“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”.
