The Management of Kano Electricity Distribution Company (KEDCO) has declared a N5.5 billion generated revenue in January, 2023.
The Managing Director/CEO – Ahmed Dangana – made this known during KEDCOs 2-day Management Retreat held in Kano, recently.
According to him, “the company’s gross income amounted to over 72 percent increase as compared to the preceeding year”.
Speaking at the retreat, Dangana said KEDCO has increased its market remittance from 42 percent in June 2022 to 58 percent at the end of the year.
He further revealed that energy distribution to its franchise states of Kano, Katsina, and Jigawa has improved, adding that KEDCO has repaired 250 transformers across its networks as part of efforts to improve its service delivery.
Also speaking at the retreat, the Chief Commercial Officer of KEDCO, Mal. Abubakar Yusuf said more than 80,000 pre-paid meters had so far been delivered to its franchise areas under the National Mass Metering Program.
Mal. Yusuf further said the company will introduce alternative means to provide meters to its customers through vendor financing as part of solution to reduce customers’ complaints while improving customer satisfaction.
This development is coming at a time when electricity customers have filed series of complaints as to the availability and affordability of these meters.
KEDCO Management has promised that the mass metering scheme will address most of the concerns raised by customers in this regards.