Nigerian music star Davido made a bold claim on the American podcast Business Untitled, revealing that his family supplies about 18% of Nigeria’s electricity. The statement, has sparked a mix of skepticism and admiration among fans. Davido, whose real name is David Adeleke, credited his father, Dr. Adedeji Adeleke, for building a business empire that began with his first million at age 23.
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During his interview on the Business Untitled podcast, Davido shared insights into his family’s business ventures, stating, “My Dad made his first million like 23… Right now, we supply about 18% of the whole electricity. We sell the power that we generate to the government.” Dr. Adedeji Adeleke, a billionaire businessman and president of Adeleke University, has built a formidable business portfolio that includes Pacific Holding Limited, a company involved in energy and other sectors.
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Adeleke revealed plans to complete a 1,250-megawatt power plant by January 2025, which would be the largest thermal power plant in Nigeria. This project, despite facing resistance from government officials, underscores the family’s commitment to addressing Nigeria’s chronic electricity challenges. Davido’s involvement in the family business, noting his role as a director at Pacific Holding Limited, a detail fans used to defend his claims against skeptics.
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The Adeleke family’s role in supplying 18% of Nigeria’s electricity is significant, especially in a country where power outages are a daily struggle for many citizens. Dr. Adeleke’s business faced challenges, including permit denials and opposition from government officials, yet persisted in expanding its energy footprint. The upcoming 1,250-megawatt power plant, set to be operational by January 2025, could further increase their impact.
