Abuja Electricity Distribution Plc has announced its transition into a Holding Company structure, a move aimed at strengthening its capacity to operate effectively within Nigeria’s evolving electricity market and the newly decentralised regulatory environment.
The company said in a Sunday statement that the restructuring followed the enactment of the Electricity Act of 2023, which empowers state governments to establish independent electricity markets and regulatory commissions.
In response to the regulatory shift, AEDC said it had realigned its corporate structure to enhance operational agility, improve governance, and support efficient service delivery across its franchise areas.
As part of the transformation, AEDC incorporated two new subsidiary companies — Niger Electricity Distribution Company and Kogi Electricity Distribution Company.
The subsidiaries will operate under the Niger State Electricity Regulatory Commission and the Kogi State Electricity Regulatory Commission, respectively, while remaining integral members of the AEDC Group.
The company also announced key executive appointments, naming 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. It added that plans were underway to commence operations in Nasarawa State, with the transition process expected to begin soon.
The Managing Director/Chief Executive Officer of AEDC, Chijioke Okwuokenye, said the HoldCo structure positions the company to respond to state-specific regulatory requirements while preserving the Group’s unified identity, shared values, and commitment to operational excellence and customer service.
According to him, all subsidiaries will operate as one integrated AEDC family, with uniform Conditions of Service for employees to ensure workforce stability and fairness.
“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,” Okwuokenye said.
He added, “We are committed to maintaining our high standards of service, innovation, and customer focus, even as we evolve into a new structure.”
AEDC reaffirmed its commitment to supporting the development of sustainable, state-regulated electricity markets and setting benchmarks for efficiency, reliability, and customer experience across its operations.
The company also noted that the recently executed Conditions of Service apply uniformly to all employees across the parent company and its subsidiaries, underscoring its commitment to workforce stability, fairness, and alignment during the transition.
Abuja Electricity Distribution Plc distributes electricity to the Federal Capital Territory and parts of Niger, Kogi, and Nasarawa states, serving residential, commercial, and industrial customers. The firm said it remains committed to powering economic growth and improving the quality of life across its franchise areas.
