NERC gives Kaduna DisCo interim board one year to turn around utility

The Nigerian Electricity Regulatory Commission (NERC) has tasked the newly formed interim board of Kaduna Electricity Distribution Plc (KAEDC) with revamping the utility company and steering it towards sustainable growth over the next year, following persistent issues with technical, commercial, and collection losses, as well as a significant metering deficit.

The directive emerged as NERC intensified its oversight of KAEDC due to the company's repeated inability to meet market obligations and performance benchmarks. In a statement released by the commission and posted on its official social media platform, NERC Chairman Musiliu Oseni emphasized the urgency of the situation, noting that the board was expected to begin delivering tangible improvements from the outset.

Oseni highlighted the critical need for the interim management to tackle the identified problems promptly, recalling that a similar intervention in 2024 had led to substantial improvements in the DisCo's performance before previous investors regained control. He underscored that the NERC anticipates high levels of performance from the new management, urging them to set immediate progress as their primary goal.