The Kaduna Electricity Distribution Company (DisCo) has announced a significant move to boost staff morale by implementing a 10 per cent salary increase for all employees, effective this month.
This decision comes amidst the company’s staggering N110 billion debt and various challenges it currently faces. Notably, the Nigerian Electricity Regulatory Commission (NERC) dissolved the board of directors of Kaduna Electric in January due to its inability to settle the substantial debt owed to the Nigeria Electricity Supply Industry.
Following this development, Umar Hashidu was appointed as the administrator of Kaduna DisCo in accordance with Section 75 of the Electricity Act. In a statement released after a meeting with the management team, Hashidu highlighted the strategic importance of motivating the workforce to enhance the company’s overall performance in the face of existing challenges.
“The salary adjustment aims to address the prevailing cost of living crisis in the country and serve as a catalyst to inspire staff to redouble their efforts,” Hashidu emphasized.
Despite the formidable obstacles confronting Kaduna Electric, including difficulties in meeting market obligations and compliance with NERC performance indices, Hashidu expressed confidence in the company’s ability to overcome these challenges through collective efforts.
He urged employees to approach their duties with diligence, citing positive growth observed in energy sales during January as a promising sign.
Prior to the dissolution of the board, former Managing Director Yusuf Yahaya had announced his resignation from the company, indicating a period of transition and reorganization within Kaduna Electric.