Renowned musician David Adeleke, also known as Davido, recently asserted during an appearance on an American podcast, ‘Business Untitled,’ that his family plays a significant role in Nigeria’s energy sector by operating four power plants. According to him, these power plants make substantial contributions to Nigeria’s electricity supply.
In discussing his family’s business ventures and personal investments, Davido mentioned his brief foray into cryptocurrency due to its popularity in Nigeria. He also highlighted his family’s involvement in the energy sector, emphasizing their ownership of four lucrative power plants that distribute electricity across a considerable portion of Nigeria.
Additionally, Davido disclosed plans to venture into the restaurant business with his wife, who has a passion for culinary arts. However, he reiterated that his primary focus remains on his music career.
While Davido’s family boasts wealth and investments in the energy sector, some observers may dispute his claim that their power plants supply the majority of Nigeria’s energy needs. The Nigerian government owns most of the significant thermal and hydropower plants in the country.