IBEDC has announced the takeover of the energy distribution company by the Asset Management Corporation of Nigeria (AMCON).
The Asset Management Corporation of Nigeria (AMCON) has officially confirmed the sale of the Ibadan Electricity Distribution Company (Ibadan DisCo), one of Nigeria’s largest power distribution firms.
Gbenga Alake, managing director and chief executive officer of AMCON, made the disclosure durin
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Faith Esifiho
Faith Esifiho is an Energy correspondent at BusinessDay, covering Nigeria's electricity sector, oil and gas industry, and energy policy.
She reports on power outages, electricity tariffs, gas sector reforms, and the broader challenges facing the country's energy transition.
She specializes in data-led reporting and human-angle stories that examine how energy policies affect everyday Nigerians and also tracks trends in the power sector, analyses regulatory changes, and investigates the impact of subsidy reforms and pricing policies.
