The Kaduna Electricity Distribution Company has taken a significant step by increasing its employees’ salaries by 10 percent despite grappling with a N110 billion debt and other operational challenges. The Nigerian Electricity Regulatory Commission dissolved the company’s board of directors in January due to its inability to settle the substantial debt it owes the Nigeria Electricity Supply Industry. Umar Hashidu was subsequently appointed as the administrator of the Kaduna DisCo pursuant to Section 75 of the Electricity Act.
During a recent meeting with the management team, Hashidu announced the salary increment with immediate effect. He highlighted that the strategic decision aims to motivate the staff and enhance the company’s overall performance amidst the considerable challenges it currently faces. The statement emphasized that the salary adjustment also addresses the prevailing cost of living crisis in the country.
Hashidu stressed the board and management’s belief that the salary increment would act as a catalyst, inspiring the staff to redouble their efforts in navigating the company through its current challenges. Despite acknowledging the precarious state of the Nigerian Electricity Supply Industry as being on life support, Hashidu expressed confidence that Kaduna Electric can overcome its challenges through collective efforts.
He urged all staff members to diligently carry out their duties and cited the positive growth trajectory observed in energy sales during January as a promising indicator. It’s worth noting that before the dissolution of the company’s board, the former Managing Director, Yusuf Yahaya, had announced his resignation from the company.
