The Senate Committee on Privatisation has officially recognized Eko Electricity Distribution Plc (EKEDP) for its operational advancements following the privatization of the Nigerian power sector. During a recent oversight visit at the utility provider’s Marina, Lagos headquarters, the committee members promised to address recurring bottlenecks currently affecting nationwide power distribution.
Senator Shuaibu Isa Lau, who led the nine-member delegation, met with the EKEDP management team headed by Wola Joseph Condotti. EKEDP reported a substantial reduction in Aggregate Technical, Commercial and Collection (ATC&C) losses, which dropped from 35.37 percent in 2013 to 19.71 percent by 2026. Furthermore, monthly billed revenue surged from under 2 billion Naira to 39.5 billion Naira.
The company also detailed its expansion in customer metering, noting an increase from 183,808 to 584,193 units. Between 2024 and 2026, the firm fulfilled all financial obligations to major market entities like NBET and NISO. Despite these successes, EKEDP identified external transmission constraints as a primary factor hindering consistent power delivery. Senator Lau commended the utility’s growth since the 2024 visit, labeling the firm’s progress as a positive development for the industry.
