NERC Dissolves KAEDC Board Over ₦456.5bn Debt, Appoints Interim Management

The Nigerian Electricity Regulatory Commission has dissolved the board of Kaduna Electricity Distribution Plc over financial and operational challenges. The order, which took effect on 10 August 2026, followed KAEDC's reported market obligations of about ₦456.5 billion. NERC said the company added ₦118.6 billion in market debt under ASI Engineering Limited as of May 2026. According to the commission, KAEDC remitted 41.93% of its adjusted market invoices in 2025, recorded ATC&C losses of 71.88%, and invested ₦2.48 billion against a ₦24.51 billion capital requirement. Customer metering coverage was also below 36%. NERC has appointed an interim board led by Dr. Abdullahi Garba and named Dr. Abubakar Umar Hashidu as administrator for six months. It said electricity supply across KAEDC's franchise area should continue while a process begins to select a new core investor.

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