NERC sacks Kaduna DisCo board over N456bn debt, appoints administrator

The Nigerian Electricity Regulatory Commission (NERC) has taken decisive action, dissolving the board of the Kaduna Electricity Distribution Company (KAEDC). The commission cited grave financial, operational, and regulatory failures as the reasons behind this drastic measure.

Central to the NERC's decision is the company's staggering N456 billion debt, highlighting significant mismanagement. This intervention underscores the commission's commitment to addressing systemic issues plaguing the electricity sector and ensuring better service delivery.

In place of the dissolved board, NERC has appointed Dr. Abubakar Umar Hashidu, the utility's current Managing Director/Chief Executive Officer, as the administrator. He will oversee the company's operations for an initial period of six months. This move signals a period of transition and restructuring aimed at stabilizing the distribution company and improving its performance.