Dr. Deji Adeleke, father of renowned Nigerian singer, Davido has revealed that his company generates about 15% of Nigeria’s electricity.
He made the revelation while speaking at a recent conference where the Nigerian billionaire, discussed his investments in the nation’s power sector, including his thermal power plant, which is set to become fully operational in January 2025.
In his statement, Dr. Deji Adeleke said, “In Nigeria, I’m in the electricity business. I own power plants, and I currently generate about 15% of the country’s energy needs.”
According to him, Chinese engineering companies are involved in the construction of his new power plant, which, upon completion, will be Nigeria’s largest thermal plant, boasting a capacity of 1,250 megawatts. “By the grace of God, it will be operational by January,” he added.
See video and reactions below:
@BedemasiAdam: “Why are Nigerians in authority always making life difficult for investors.”
@LuvSwagzx: “Just a friendly reminder to y’all haters that Davido is also a director in this company. Davido is about to get a new set of enemies with this info 😂😂😂. Una mind no go touch ground😂.”
@InteriorsYinks: “Bruh! 15% is crazy and with the new power plant he will maybe own 30% or so… 1200MW is huge , as at yesterday what the national grid generated is not even upto 600MW.”
@coco_2250: “The papa money long oh aje wiz no know wetin he Dey talk make he just leave the Igbo for now.”
@OlaoyeAdetunji: ‘Dr. Deji Adeleke generates 15% electricity made for Nigeria. That’s huge.”
WATCH VIDEO:
Davido’s Dad, Dr Deji Adeleke is building the biggest power plant in Nigeria currently.
His company, Pacific Energy generates 15% of Nigeria’s electricity.
Money na waterrrrr o 👏👏👏 pic.twitter.com/UkqKxSBINq
— OTUNBA (@ManLikeIcey) October 15, 2024