The Abuja Electricity Distribution Company (AEDC) earlier today has reportedly sacked 800 of its employees, citing a worsening liquidity crisis in Nigeria’s power distribution value chain.
According to reports, the company said the layoffs were necessary to stabilize its operations and sustain service delivery across its coverage areas, including the Federal Capital Territory, Niger, Kogi, and Nasarawa states.
Industry analysts link the mass sack to the deepening financial challenges facing Nigeria’s electricity sector, including poor revenue collection, rising operational costs, and huge debts owed by government institutions.
The development has raised concerns about potential disruptions in electricity services and possible labour unrest as unions within the power sector are expected to react.
The Nigerian Electricity Regulatory Commission (NERC) and the Ministry of Power have yet to issue official statements on the matter.
