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Owners Of Electricity Distribution Companies In Nigeria

Owners Of Electricity Distribution Companies In Nigeria

owners of electricity distribution companies in nigeria

There has always been confusion among Nigerians about the ownership of electricity distribution companies in the country.

It’s a bit unreal to think that the Nigerian government is still distributing electricity in the country. 

If you ever wonder who owns electricity in Nigeria and who owns electricity distribution companies in Nigeria, then you’re in the right place.

In this article, we will answer these common questions along with the names of electricity distribution companies in Nigeria.

Owners Of Electricity Distribution Companies In Nigeria
Owners Of Electricity Distribution Companies In Nigeria

Who are the owners of electricity distribution companies in Nigeria?

Before we answer the question about who owns Nigeria’s electricity distribution companies, it’s important to understand that the 15 electricity distribution companies in Nigeria are owned by Nigerians, not foreigners.

The most common source of confusion is that many people are unaware that most Nigerian billionaires are the people behind Nigeria’s darkness.

We will list the owners and names of electricity distribution companies in Nigeria:

  1. Transcorp/Woodrock Consortium (Ughelli Power Plant) Mr. Tony Elumelu, Mr. Obinna Ufudo (CEO, Transcorp Group) Mr. Adeoye Fadeyibi $300 million :Power Generation
  2. Amperion Power Distribution Limited (Geregu Power Plant) Mr. Femi Otedola (Chairman, Forte Oil), Mr. Akin Akinfemiwa (CEO, Forte Oil) $132 million Power Generation
  3. Mainstream Energy Solutions Limited (Kainji Hydro Electric Plant and Jebba Hydro Station) Col. Sani Bello (Chairman, Mainstream), Alhaji Ismaila lsa (Vice Chairman, Mainstream), Brig Gen. Tunde Ogbeha (Director, Mainstream) $170 million Power Generation
  4. North South Power Company Limited (Shiroro Power Station) Eng. Olubunmi Peters $111.7 million Power Generation
  5. KEPCO Energy Resources Limited (Egbin Power Station) Mr. Tonye Cole (CEO, Sahara Energy Group), Mr. Tope Shonubi $407.3 million Power Generation
  6. NEDC/KEPCO Consortium Asset: lkeja Electricity Distribution Company Cost: $131 million Mr. Kola Adesina (Chairman NEDC/KEPCO), Mr. Tonye Cole (CEO, Sahara Energy Group), Mr. Tope Shonubi (Executive Director, Sahara Energy Group) $131 million
  7. Vigeo Power Limited Asset: Benin Electricity Distribution Company Mr. Victor Gbolade Osibodu (Chairman, Vigeo Holdings) Mrs. Funke Osibodu (CEO, Vigeo Power) $129 million DISCO
  8. KANN Utility Consortium Company Limited Asset: Abuja Electricity Distribution Company Alhaji Shehu Malami (Chairman, KANN Consortium), Mr. Neil Croucher (CEO, KANN Consortium) $164 million DISCO
  9. Sahelian Power SPV Limited Asset: Kano Electricity Distribution Company Alhaji Yusuf Hamisu Abubakar (CEO, Sahelian Power), Alhaji Umaru Mutallab (Chairman, Sahelian Power) $102 million DISCO
  10. 4Power Consortium Limited Asset: Port Harcourt Electricity Distribution Company Mr. Augustine Nwokocha (Chairman, 4Power Consortium), Governors of Bayelsa, Cross River, Akwa Ibom and Rivers State $124 million DISCO
  11. Integrated Energy Distributing and Marketing Limited Asset: Ibadan Electricity Distribution Company, Yola Electricity Distribution Company Gen. Abdulsalami Abubakar (Chairman, Integrated Energy), Mr. Tunde Ayeni (Vice Chairman, Integrated Energy), Dr. Sola Ayandele (CEO Integrated Energy) $126.75 million DISCO
  12. Interstate Electrics Limited Asset: Enugu Electricity Distribution Company Sir Emeka Offor (Chairman, Interstate Electrics Limited) 107.4 million DISCO
  13. Interstate Electrics Limited Asset: Enugu Electricity Distribution Company Sir Emeka Offor (Chairman, Interstate Electrics Limited) 107.4 million DISCO
  14. West Power and Gas Limited Asset: Eko Electricity Distribution Company Mr. Charles Momoh (Chairman, West Power and Gas), Dr. Tunji Olowolafe (Director, West Power and Gas), Mr. Ernest Orji (Director, West Power and Gas) $135 million DISCO
  15. Aura Energy Limited Asset: Jos Electricity Distribution Company Alhaji Garba Mohammed Noma, $82 million DISCO
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