Ikeja Electric marks 10 years with impressive milestones

Ikeja Electric (IE) celebrated its 10th anniversary, highlighting significant achievements and its commitment to excellence in Nigeria’s energy sector. During this milestone event, the company’s CEO, Folake Soetan, announced that Ikeja Electric has deployed 830,292 meters to customers over the last decade.

Folake Soetan emphasized the importance of transparency and accountability in their operations, saying, “We successfully deployed 830,292 meters to our customers, giving them control over their energy consumption and fostering a sense of empowerment.”

As part of their 10th-anniversary celebrations, the company conducted a hybrid session for their board, management, and staff, reflecting on past achievements and outlining plans for the immediate future.

Ikeja Electric’s CEO, Folake Soetan, expressed her appreciation for the team and highlighted several industry “firsts” achieved in the past decade. Notably, in 2019, IE became the first distribution company to attain all three categories of ISO certifications, including ISO 9001:2015 (Quality Management System), ISO 45001:2018 (Occupational Health and Safety Management System), and ISO 14001:2015 (Environmental Management System).

Ms. Soetan also celebrated a remarkable reduction in Aggregate Technical Commercial & Collection (ATC&C) losses, from 44 percent in 2015 to an impressive rate slightly below 20 percent, achieved through collective efforts in operational efficiency and sustainable energy practices.

The chairman of the board of directors, Kola Adesina, recognized the dedication and agility of the staff, setting Ikeja Electric apart as a trailblazer in the Nigerian energy sector. He highlighted the transformative journey of the company since 2013 when they strategically rebranded from IKEDC to IE in 2015. Adesina commended the team for launching a bilateral project in 2019, introducing a 24-hour dedicated service for bilateral operations, and adopting automated payment channels to enhance customer experiences.

Toibudeen Oduniyi, Director of the Post-Transaction Management Department in the Bureau of Public Enterprises and a board member of IE, expressed his optimism about IE’s innovative spirit and encouraged the staff to remain committed to delivering exceptional service to their customers. He conveyed confidence that Ikeja Electric will continue to lead and attain new heights in the industry.

As Ikeja Electric reflects on its journey, they look forward to a future filled with exciting possibilities, dedicated to illuminating lives, empowering communities, and achieving even greater heights as a cohesive team.