N456.5BN DEBTS: NERC Takes Over Kaduna DisCo For Second Time In 30 Months

| Regulator dissolves company’s board, appoints interim administrator
BY NSE ANTHONY-UKO, Abuja AND CHIKA IZUORA, Lagos
The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Plc (KAEDCO) and appointed an interim administrator for the second time in 30 months over the DisCo’s failure to meet its market obligations, rising debt and continued operational underperformance.
The intervention, which took effect on Monday, August 10, 2026, followed KAEDCO’s cumulative market obligations of N456.5 billion as of May 31, 2026.
Recall that NERC dissolved KAEDCO’s board in January 2024 after issuing Order No. NERC/2024/001, removing th...