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NERC seizes control of Kaduna DisCo over N456.5 billion debt crisis

The Nigerian Electricity Regulatory Commission (NERC) has taken over Kaduna Electricity Distribution Company (KAEDC), dissolving its board of directors over a mounting debt crisis

Emmanuel AzubuikeAugust 10, 20261 min read
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The Nigerian Electricity Regulatory Commission (NERC) has taken over Kaduna Electricity Distribution Company (KAEDC), dissolving its board of directors over a mounting debt crisis that has left the utility owing about N456.5 billion in cumulative market obligations.

The post NERC seizes control of Kaduna DisCo over N456.5 billion debt crisis appeared first on Nairametrics.

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