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Strategically Planning the Strategic Plan – KEDCO Experience

 

FEATURED PAPER

By Dr. Jamil I. Gwamna, MD/CEO

Kano Electricity Distribution Company,

Kano, Nigeria

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Abstract

Kano Electricity Distribution Company plc (KEDCO) is one of the eleven (11) successor companies with the franchise to receive and distribute electricity in the tri-states of Jigawa, Kano and Katsina with a population of over twenty million people and potential electricity customers of about four million households in the market territories. It becomes imperative to have a comprehensive strategy to turn around the fortune of the company from the rut in the Nigerian Power Sector in over fifty years. Reviewing the background of the company using a robust SWOT analysis revealed a lot of business potentials yet un-locked. This paper documented KEDCO’s strategic plan as well as the strategic planning roadmap and the quick wins. This analysis was backed by a review of treatises on strategic planning and the evolving role of corporate strategy in a challenging business environment. Lessons learnt from the appraisal were outlined which further set the ground for the conclusion, recommendation and further research.

Introduction

This paper reviews the dynamics in the electricity distribution sector in Nigeria with key emphasis on the background and engineering of strategic planning and implementation in KEDCO. The corporate strategy department which is an extension of the MD/CEO suit is solely responsible for the development of strategic plans and directions for the company. Strategic planning is a systematic and formally documented process for creating entirely new policy decisions that an organisation should execute in order to thrive over the next few years (Mintzberg, 1994). Given the mindset, KEDCO Corporate Strategy team collaborating with company-wide stakeholders developed the 2015 strategic plan which gave a clear direction for the business to meet shareholder expectations while providing value to customers and employees

The 2015 strategic plan detailed the specific strategies designed to achieve the strategic focus and targets for each department and strategic business functions. A mid-year review of the 2015 strategic plan was conducted with comprehensive analysis of the company performance, with a redirection of policies and strategies to ensure the achievement of the organizational goals using the quick-wins strategies in line with the vision, mission, core values, and the Key Performance Indicators.

KEDCO Background Information

Kano Electricity Distribution Company Plc. (KEDCO) is owned by Sahelian Power SPV Ltd, a consortium of local and international companies with years of experience in energy marketing and distribution. The consortium has a total of 60% equity share capital in KEDCO while the Federal Government of Nigeria holds 40% equity. After fulfilling the bidding requirements with thorough evaluation process by the Bureau of Public Enterprises (BPE), KEDCO was inaugurated on November 1st 2013 as one of the 11 electricity distribution companies (DISCOs) privatized by the Federal Government of Nigeria with a mandate to execute the objectives of the Nigerian power sector reform, as contained in Section 67 of the Electricity Power Sector Reform Act 2005.

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To read the entire paper, click here


 

About the Author

pmwj41-Dec2015-Gwamna-PHOTO

Dr Jamil Isyaku Gwamna

Kano Electricity Distribution Company
Nigeria

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Dr Jamil IsyakuGwamna
is the Managing Director and CEO of Kano Electricity Distribution Company (KEDCO) since November 2013, the largest electricity distribution company in Nigeria by customer population.

As the Chief Executive and Board Member, he is responsible for formulating and executing long-term strategy, and interacting with customers, staff, regulators, investors, and other stakeholders. He alongside the Chairman of the Board is the primary decision and policy maker, setting the values, ethics and culture of the company.

Since the takeover of the company from the government as the primary investor in November 2013, Dr Gwamna exemplified a shift from a purely technical company to a customer focused utility leveraging technology to better serve KEDCO’s franchise area. He is a proven leader with expertise in change management and a focus on operational excellence.

In his over 25 years of experience, Dr Gwamna has held a variety of leadership positions across various sectors of the economy. Prior to becoming CEO, he was part of the team that formulated the National Policy on Public Private Partnership in Nigeria in 2008. He was also the Chairman of Gombe State Water Corporation, a public utility designing and executing the master plan for the Gombe Township Water Scheme. Dr Gwamna serves on other boards, the Board of Kaduna Electricity Distribution Company.

Dr Gwamna holds a doctorate degree in Economic and an MSc in Business Economics and Finance from London Metropolitan University. He holds a BSc in Accounting from Ahmadu Bello University Zaria, Nigeria. Dr. Jamil Gwamna can be contacted at [email protected]