NERC Dissolves Kaduna Disco Board Over N456.5bn Debt

The Nigerian Electricity Regulatory Commission, NERC, has dissolved the board of Kaduna Electricity Distribution Plc, KAEDC, over the company’s N456.5bn cumulative market obligations and persistent financial and operational difficulties. The electricity regulator also constituted an interim board of special directors and ordered the commencement of an open and transparent process to select a new…