Abia State Acquires 60% of EEDC Assets, Moves to Restore Power to Ohafia

In a major step toward energy independence and sustainable development, the Abia State Government has successfully concluded negotiations to acquire 60% ownership of the Enugu Electricity Distribution Company (EEDC) assets within the state.

Announcing the breakthrough, the Commissioner for Information, Prince Okey Kanu, revealed that Interstate Electrics, the parent company of EEDC, had accepted the state government's offer-paving the way for a transformative power sector reform under the leadership of Governor Alex Otti.

According to Kanu, this acquisition marks the beginning of a new era in Abia's energy sector, allowing the state to manage generation, regulation, and distribution across the eight ring-fenced local government areas in Abia Central and Abia North senatorial zones.

"This milestone aligns perfectly with Governor Alex Otti's vision to strengthen the power sector as a key driver of economic growth and sustainable development in Abia,ÔÇØ Kanu stated.

He further announced that the State Executive Council had also approved the restoration of electricity to Ohafia, a move that will revive businesses, improve living standards, and boost the operations of the Greater Ohafia Development Authority after several years of total blackout.

Observers describe this move as one of the most visionary policies of the Otti administration-one expected to energize Abia's economy, attract investors, and provide reliable power to homes and industries across the state.

With this development, Abia becomes one of the few states in Nigeria taking direct ownership and regulatory responsibility in the electricity value chain-a model that could redefine how subnational governments approach power sector reform.