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Abuja Disco Transitions to Holdco Structure, Forms Two New Subsidiaries

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AEDC metres

By Adedapo Adesanya

Abuja Electricity Distribution Plc has announced its transition into a Holding Company structure, effectively breaking into two subsidiaries.

This is part of moves aimed at strengthening its capacity to operate effectively within Nigeria’s evolving electricity market and the newly decentralised regulatory environment.

In a statement, the Holdco said restructuring followed the enactment of the Electricity Act of 2023, which empowers state governments to establish independent electricity markets and regulatory commissions.

AEDC said it had realigned its corporate structure to enhance operational agility, improve governance, and support efficient service delivery across its franchise areas.

As part of the transformation, AEDC incorporated two new subsidiary companies — Niger Electricity Distribution Company and Kogi Electricity Distribution Company.

Prior to the new development, AEDC distributes electricity to the Federal Capital Territory (FCT) and parts of Niger, Kogi, and Nasarawa states.

As a result, the new subsidiaries will operate under the Niger State Electricity Regulatory Commission and the Kogi State Electricity Regulatory Commission, respectively, while remaining integral members of the wider AEDC Group.

It added that plans were underway to commence operations in Nasarawa State, with the transition process expected to begin soon.

The company also announced key executive appointments, naming Mr Sam Odekina as Chief Business Officer and Acting Managing Director of Niger Electricity Distribution Company, and Mr Desmond Eboh as Chief Business Officer and Acting Managing Director of Kogi Electricity Distribution Company.

The Managing Director/Chief Executive Officer of AEDC, Mr Chijioke Okwuokenye, said the HoldCo structure positions the company to respond to state-specific regulatory requirements while preserving the Group’s unified identity, shared values, and commitment to operational excellence and customer service.

According to him, all subsidiaries will operate as one integrated AEDC family, with uniform Conditions of Service for employees to ensure workforce stability and fairness.

“The HoldCo structure aligns perfectly with our goal to enhance operational efficiency and adapt to Nigeria’s evolving energy landscape while exploring new opportunities, driving growth, and contributing to Nigeria’s energy sector development,” Mr Okwuokenye said.

“We are committed to maintaining our high standards of service, innovation, and customer focus, even as we evolve into a new structure,” he added.

The company also noted that the recently executed Conditions of Service apply uniformly to all employees across the parent company and its subsidiaries, underscoring its commitment to workforce stability, fairness, and alignment during the transition.

AEDC also reaffirmed its commitment to supporting the development of sustainable, state-regulated electricity markets and setting benchmarks for efficiency, reliability, and customer experience across its operations.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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NPA Working to Eliminate Manual Bottlenecks, Synchronise Operations Across Seaports

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Activities at Nigeria's Seaports

By Adedapo Adesanya

The managing director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, has said the organisation is in collaboration with the International Maritime Organisation (IMO) to deploy the Port Community System (PCS) will eliminate manual bottlenecks and synchronise operations across Nigeria’s seaports.

Mr Dantsoho disclosed this at a recent three-day high-level stakeholder engagement in Lagos titled Achieving a 7-day Cargo Dwell Time, organised by the Presidential Enabling Business Environment Council (PEBEC) in collaboration with the NPA.

The engagement convened the Ports and Customs Efficiency Committee (PCEC) under the Business Environment Enhancement Programme Accelerator (BEEPA) framework, focusing on streamlining port processes to improve efficiency and ease of doing business.

According to the NPA boss, the PCS will serve as the digital backbone of the National Single Window, enabling seamless information exchange among port stakeholders and reducing delays caused by manual documentation.

On her part, the director-general of PEBEC, Mrs Zahrah Mustapha, said the session was designed to go beyond identifying challenges and focus on implementing long-overdue practical solutions.

“Nigeria loses significantly every day due to operational inefficiencies,” Mrs Mustapha said. “These are not just numbers; they represent missed opportunities, jobs not created, and delayed economic growth. This reform is about resilience and unlocking the nation’s economic potential.”

She added that the initiative brings together government regulators and private-sector stakeholders to promote transparency and accountability, with the ultimate objective of reducing cargo dwell time and improving vessel turnaround time.

Recall that the NPA recorded a 100 per cent success rate in PEBEC reforms, ranking fifth among government agencies in 2025 with an 84.2 per cent compliance rating.

Outcomes from the stakeholder engagement are expected to be implemented in the coming months. By addressing operational gaps identified during port inspections, the NPA and PEBEC aim to build a more competitive maritime environment that attracts investment and facilitates seamless trade.

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Swedfund Puts $15m into Phatisa for Sustainable Food Systems in Africa

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Phatisa Food Fund 3

By Modupe Gbadeyanka

The sum of $15 million has been invested in Phatisa Food Fund 3 by Swedfund to improve food security, support decent job creation, and contribute to more resilient and sustainable food systems across Africa.

Swedfund’s investment is part of an $86 million first close, together with development finance institutions BII, Norfund, IFC, and FinDev Canada.

The investment aims to improve food security, support decent job creation, and contribute to more resilient and sustainable food systems.

Phatisa will invest in companies seeking to grow or transition ownership, and building on its long track record in the sector, the investment is expected to support companies that can expand production capacity, enhance efficiency and create more stable employment in local and regional markets.

Africa’s food systems are under increasing pressure from population growth, climate impacts, and fragmented value chains. Enhancing production, processing, and distribution is essential to ensure food becomes more accessible and affordable, while strengthening livelihoods.

“Strengthening food systems is essential for inclusive and resilient growth across African markets. Through this investment, we help channel long-term capital to companies that can expand production, support decent jobs, and improve access to affordable and nutritious food.

“The investment also contributes to deeper value chain integration, supporting more stable and sustainable livelihoods over time,” the Investment Manager for Food Systems at Swedfund, Sebastian Süllmann, stated.

Phatisa Food Fund 3 focuses on established companies across the food value chain in multiple African markets.

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Protest in Abuja Over Senate’s Decision on e-Transmission of Election Results

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occupy national assembly protest

By Adedapo Adesanya

Some protesters on Monday took over the streets of Abuja to register their displeasure over the Senate’s decision to reject the real-time transmission of election results.

The demonstrators have promised to Occupy National Assembly despite a heavy security presence at the parliament, with personnel drawn from the Nigeria Police Force, the Nigerian Army, and the Nigeria Security and Civil Defence Corps.

Although the Senate has issued several clarifications over reports that it rejected electronic transmission of results, the protesters insist that lawmakers must be explicit by including the phrase “real-time electronic transmission” in the proposed legislation.

Members of civil society organisations, a handful of opposition African Democratic Congress (ADC) members, and some women’s groups are gathered at the entrance of the National Assembly for the protest.

The Nigeria Labour Congress (NLC) on Sunday joined the call on the Senate to legalise the real-time transmission of election results, warning that the National Assembly’s refusal to make the provision law would lead to workers’ mass action.

Amid these threats, the Senate will hold an emergency plenary session on Tuesday, February 10, 2026.

In a notice sent by the Clerk of the Senate, Mr Emmanuel Odo, the lawmakers were directed to convene at the National Assembly complex on the instruction of Senate President Godswill Akpabio.

“I am directed by His Excellency, the President of the Senate, Distinguished Senator Godswill Obot Akpabio, GCON, to inform all Distinguished Senators of the Federal Republic of Nigeria that an Emergency Sitting of the Senate has been scheduled to hold as follows: Date: Tuesday, 10th February, 2026. Time:12:00 Noon. Venue: Senate Chamber,” the notice read.

Mr Odo urged all senators to attend the emergency sitting.

“All inconveniences this will cause to Distinguished Senators are highly regretted, please,” the memo read.

No reason was stated for the meeting, but the development comes amid debates about the e-transmission of election results after the Electoral Act amendment bill passed the third reading at the Senate. The lawmakers had adjourned plenary after that.

Clause 60 (30) of the Electoral Amendment Bill is connected with the electronic transmission of results. On Wednesday, the Senate retained the provision for the electronic transfer of results as contained in the 2022 Electoral Act.

The Upper Chamber rejected moves for the real-time transmission of results and a 10-year ban on vote-buyers and instead retained the sanctions of jail terms and fines.

Since the development, the Senate has come under fire. However, some of its members have clarified that the bill enjoyed the support of a majority of the senators.

Besides the e-transmission issue, the Senate also blocked the download of electronic voters’ cards from the INEC website, reduced the notice period for elections from 360 to 180 days, and cut the timeline for publishing the list of candidates from 150 to 90 days.

The Senate’s position on the transmission of election results contrasts with that of the House of Representatives. However, both chambers have set up conference committees to harmonise their differences, after which a clean copy will be transmitted to the President for assent.

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