STRUCTURAL ROT: NERC’s sack of KAEDCO Board over N456.5bn debt exposes deep fractures in Nigeria’s power privatisation model
The decision by the Nigerian Electricity Regulatory Commission (NERC) to dissolve the board and core investor of the Kaduna Electricity Distribution Company (KAEDCO) over an overwhelming N456.5 billion market debt has drawn intense scrutiny from energy experts, who warn that the intervention