- The federal government is considering to swap its stakes in DisCos, Niger Delta Power Holding Company, with State governments
The Federal Government plans to unbundle Eleven Electricity Distribution Companies into different states to enhance involvement for more localized oversight.
The Minister of Power, Adebayo Adelabu, disclosed this on Friday when the Governor of Abia State, Alex Oti, paid him a courtesy visit.
According to him, the federal government is considering to swap its stakes in DisCos, Niger Delta Power Holding Company, with State governments.
He said the state government’s involvement in improving power infrastructure, reducing metering gaps, enforcing bill collection, and tackling theft is essential.
“We’re exploring unbundling regional Discos into different states to enhance state involvement for more localized oversight. We’re also looking into financial collaboration between federal and state governments, potentially involving a swap of stakes in DISCOs with state stakes in the Niger Delta Power Holding Company”, he stated.
Nigeria currently has eleven regional electricity distribution companies, which include Eko Electricity Distribution Plc, EKEDC, Enugu Electricity Distribution Plc, EEDC, Ibadan Electricity Distribution Plc, IBEDC, Ikeja Electricity Distribution Company, IKEDC, Jos Electricity Distribution Plc, JEDC, Kaduna Electricity Distribution Plc, KAEDCO, Kano Electricity Distribution Plc, KEDC, Port Harcourt Electricity Distribution Plc, PHEDC and Yola Electricity Distribution Company Plc, YEDC.