The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Plc (KAEDC) and removed all its directors following persistent financial and operational underperformance. An interim board has been appointed, with Abubakar Umar Hashidu serving as administrator for the next six months. The regulator cited severe issues, including a 71.88 percent aggregate technical and commercial loss rate, low metering, and a market debt burden that reached 456.5 billion naira by May 2026. NERC has tasked the African Export-Import Bank with leading a competitive process to identify a new core investor for the DisCo within the next 12 months.