NERC Dissolves Kaduna Electric Board Over Poor Performance

The Nigerian Electricity Regulatory Commission (NERC) dissolved the board of Kaduna Electric (KAEDCO) due to its poor performance, which included an inability to meet financial remittances and expand its network. This decision, signed by NERC Chairman Musiliu O.

Oseni and Commissioner Dafe Akepeneye, comes two years after ASI Engineering Limited took over operations in June 2024. As of May 2026, KAEDCO's cumulative market obligation since privatization reached approximately ₦456.5 billion, with ₦415.5 billion owed to the Nigerian Bulk Electricity Trading Plc and ₦41 billion to the Nigerian Independent System Operator.

The company accrued an additional market debt of over ₦118.6 billion since ASI's takeover. KAEDCO's performance was further hindered by high Aggregate Technical Commercial and Collection Losses of 71.88%, leading to a market shortfall of approximately ₦46.71 billion.

Despite Federal Government interventions totaling ₦53.79 billion since July 2018, KAEDCO's financial viability remains in jeopardy, posing risks to market stability and electricity service continuity.