Key Takeaways
- Eko Electricity Distribution Plc (EKEDP) has shown marked improvement in operational performance since the 2013 privatisation.
- Aggregate losses have significantly decreased, and customer metering has vastly expanded.
- The Senate Committee on Privatisation is pursuing solutions for ongoing challenges in electricity distribution.
The Nigerian Senate Committee on Privatisation has publicly commended Eko Electricity Distribution Plc (EKEDP) for its notable operational enhancements post-privatisation. This recognition comes amid the committee's commitment to addressing persistent challenges that impede electricity distribution across the nation.
During a recent oversight visit to EKEDP's headquarters located in Marina, Lagos, the committee scrutinized the company's operational efficacy, financial status, and the overarching issues plaguing the electricity distribution sector. The delegation, comprising nine members and headed by Senator Shuaibu Isa Lau, was warmly welcomed by the EKEDP management team, including Mr. Wola Joseph Condotti, Managing Director of Distribution for Transgrid Enerco Limited.
In outlining the company’s recent achievements, EKEDP expressed pride in its operational improvements since the privatisation in 2013. The company revealed that its Aggregate Technical, Commercial and Collection (ATC&C) losses have been drastically reduced from 35.37 percent in 2013 to an impressive 19.71 percent in 2026. Moreover, average monthly revenue billed has soared from less than NGN 2 billion to a staggering NGN 39.5 billion during the same timeframe.
Additionally, EKEDP reported a remarkable increase in the number of metered customers, climbing from 183,808 to an impressive 584,193, reflecting a commitment to bolstering customer service through sustained investment in metering infrastructure.
The company also highlighted important milestones achieved between 2024 and 2026, which included fulfilling all market obligations to key partners such as the Nigerian Independent System Operator (NISO) and the Nigerian Bulk Electricity Trading Plc (NBET), as well as adhering to other power purchase agreements.
Despite these advancements, EKEDP noted that ongoing transmission infrastructure limitations, which are largely beyond its control, continue to hinder electricity supply to consumers, presenting a significant hurdle to achieving further operational successes.
Responding to the impressive progress, Senator Lau commended EKEDP for its achievements since the committee's previous visit in 2024, calling the company’s performance both encouraging and indicative of positive growth in the sector.
Why This Matters
This acknowledgment by the Senate Committee underscores the importance of accountability and progress within Nigeria's electricity market. As EKEDP continues to improve operationally, it sets a benchmark for other distribution companies to follow, aiding in the overall enhancement of energy accessibility across the country.