The Nigerian Electricity Regulatory Commission (NERC) has issued an interim order dissolving the board of Kaduna Electricity Distribution Plc (KAEDC) effective August 10, 2026.
In the Order with No: NERC/2026/086, the Commission said the decision was taken following what it described as a “severe financial insolvency” by KAEDC, which has accumulated over ₦118.6 billion in additional market debt under ASI Engineering Limited by May 2026.
It said this has brought the total market obligations of the DisCo to approximately ₦456.5 billion.
”Additionally, the utility remitted only 41.93% of its adjusted market invoices in 2025, recorded ATC&C losses of 71.88%, invested only ₦2.48 billion against a capital requirement of ₦24.51 billion, and maintained customer metering coverage of less than 36%,” NERC stated.
The national electricity regulator said an interim board of Special Directors has been constituted to manage the affairs of the utility firm for six months to ensure uninterrupted service delivery and operational stability.
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The interim board will be chaired by Dr. Abdullahi Garba, while Dr. Abubakar Umar Hashidu has been appointed as Administrator for an initial 6-month term.
It further stated that Afrexim Bank will coordinate a transparent 12-month competitive process to secure a competent replacement core investor for the utility firm.
It assured that electricity distribution services across the KAEDC franchise area remain safe and uninterrupted.
Victor Ezeja is a Nigerian journalist skilled in producing insightful news analyses, feature stories, and interviews that simplify complex issues and drive informed public discourse. His work combines rigorous research, balanced reporting, and compelling storytelling to highlight developments shaping industries and society. Victor, who holds a Master's Degree in Mass Communication, specializes in energy, aviation, business, and economic reporting. He can be reached via @VICTOREZEJA on X