NERC Dissolves Kaduna DisCo Board Over N456.5bn Debt, 71.9% Losses

…Appoints interim administrator
The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company (KAEDC) and appointed the company’s managing director/chief executive officer, Dr Abubakar Umar Hashidu, as interim administrator for an initial six-month period, citing extensive financial, operational and regulatory failings.
The action, set out in Order No. NERC/2026/086 and effective from August 10, 2026, followed an inquiry by NERC and consultations with industry stakeholders, including the Bureau of Public Enterprises (BPE).
NERC said KAEDC is in a “grave situation” marked by prolonged market and regulatory default, inadequate...