Grammy-nominated singer, Davido, has shared insights into his father, Dr. Deji Adeleke’s impressive career in the energy sector.
In a recent episode of the American podcast Bagfuel Brigade, Davido revealed that his father made his first million at the age of 23 and now leads a major power company that generates about 18% of West Africa’s electricity.
According to Davido, his father’s company supplies electricity to the government, which is responsible for distribution. “My Dad made his first million like 23. Right now, we supply about 18% of the whole electricity in West Africa,” Davido explained. “We sell the power we generate to the government, because the government has the authority to distribute. Ours is just to generate it and the government decides what to do with it.”
In addition to these achievements, Dr. Adeleke’s company also produces approximately 15% of Nigeria’s electricity, with the help of Chinese engineering firms. The business mogul is also nearing completion of a 1,250MW power plant, set to be Nigeria’s largest. The new facility is expected to begin operations in 2025.
“I am building and almost completed in January by the grace of God my new power plant to be the biggest power plant in Nigeria. It is a 1,250MW power plant to become operational in January,” he added.
