Disco creates Niger and Kogi subsidiaries, announces new leadership appointments and plans Nasarawa rollout
Abuja Electricity Distribution Plc (AEDC) has announced a major corporate restructuring, transitioning into a Holding Company (HoldCo) structure in response to Nigeria’s evolving electricity market and the decentralised regulatory framework introduced by the Electricity Act of 2023.
In a statement issued on Sunday, the company said the move was designed to strengthen its operational capacity, improve governance, and position the business to operate efficiently under emerging state-based electricity markets.
The Electricity Act of 2023 grants state governments the authority to establish independent electricity markets and regulatory commissions, effectively reshaping the country’s power sector. AEDC said it has aligned its corporate structure with the new legal framework to remain compliant and competitive.
New Subsidiaries for Niger and Kogi States
As part of the restructuring, AEDC confirmed the incorporation of two new subsidiary companies:
Niger Electricity Distribution Company and Kogi Electricity Distribution Company.
Both entities will operate under their respective state regulators, the Niger State Electricity Regulatory Commission and the Kogi State Electricity Regulatory Commission while remaining fully integrated members of the AEDC Group.
The company also disclosed that preparations are underway to begin the transition process in Nasarawa State, signaling further expansion of its HoldCo model.
Key Executive Appointments Announced
AEDC named Sam Odekina 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.
According to the company, the appointments are intended to ensure strong local leadership while maintaining alignment with group-wide operational standards.
‘One AEDC Family’ Under New Structure
Commenting on the development, AEDC’s Managing Director and Chief Executive Officer, Chijioke Okwuokenye, said the HoldCo arrangement allows the company to respond effectively to state-specific regulatory requirements without losing its unified corporate identity.
“The Holding Company structure positions us to adapt to diverse regulatory environments while preserving our shared values, service standards, and commitment to operational excellence,” Okwuokenye said.
He added that all subsidiaries would function as one integrated AEDC family, with uniform Conditions of Service across the group to promote fairness, workforce stability, and seamless collaboration.
“The HoldCo structure aligns perfectly with our objective of improving efficiency, exploring growth opportunities, and contributing meaningfully to the development of Nigeria’s power sector,” he stated.
Commitment to Service and Sector Growth
AEDC reaffirmed its commitment to supporting the development of sustainable, state-regulated electricity markets, while setting benchmarks for reliability, efficiency, and customer experience.
The company also emphasized that the recently executed Conditions of Service apply uniformly to employees across the parent company and all subsidiaries, ensuring consistency during the transition.
Abuja Electricity Distribution Plc supplies electricity to the Federal Capital Territory and parts of Niger, Kogi, and Nasarawa states, serving residential, commercial, and industrial customers. The company said it remains focused on powering economic growth and improving living standards across its franchise areas.
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