NERC dissolves Kaduna Disco board over N456bn market debt

The Nigerian Electricity Regulatory Commission (NERC) has dissolved the committee of Kaduna Electricity Distribution Plc (KAEDC) implicit the company’s N456.5bn cumulative marketplace obligations and prolonged fiscal and operational challenges.

The regulator besides appointed an interim committee of peculiar directors and directed the commencement of a transparent process for the enactment of a caller halfway capitalist for the energy organisation company.

The decisions were contained successful Order No. NERC/2026/086, titled “Order connected the Regulatory Intervention successful Kaduna Electricity Distribution Plc Pursuant to the Electricity Act 2023”, which took effect on Monday, August 10, 2026.

NERC said the involution followed an enquiry and consultations with cardinal manufacture stakeholders, including the Bureau of Public Enterprises, and was necessitated by KAEDC’s prolonged regulatory and marketplace defaults, inadequate investment, and anemic operational and commercialized performance.

The committee said KAEDC’s cumulative marketplace work since privatisation stood astatine astir N456.5bn arsenic of May 2026, comprising N415.5bn owed to the Nigerian Bulk Electricity Trading Plc and N41bn owed to the Nigerian Independent System Operator.

The institution besides had different non-market statutory and third-party obligations amounting to N14.26bn, according to the regulator.

NERC said t...