Nigerian Singer, Davido Claims Family Powers Nigeria With Electricity Empire

Renowned Nigerian artist, David Adeleke, known as Davido, recently stirred waves by asserting his family's pivotal role in energizing a significant portion of Nigeria through their power ventures.

In a candid revelation during an appearance on the American podcast 'Business Untitled,' Davido unveiled insights into his family's diverse business portfolio, which includes a robust presence in the energy sector.

Davido disclosed that his family possesses four substantial power plants, positioning them as key contributors to Nigeria's energy requirements. "Apart from that, me and my family have like four power plants worth a lot of money. We distribute energy to most of Nigeria," he shared during the podcast.

Expanding on his entrepreneurial endeavors, Davido mentioned his brief foray into cryptocurrency, acknowledging Nigeria's burgeoning interest in digital currencies. Additionally, he revealed plans to venture into the culinary domain, intending to establish a restaurant for his wife. However, he reiterated his unwavering commitment to his passion for music, highlighting it as his primary focus.

While Davido's family boasts considerable wealth and investments in the energy sector, skepticism looms over his assertion that they cater to the lion's share of Nigeria's energy needs. The majority of the nation's significant thermal and hydropower plants remain under government ownership, prompting questions regarding the extent of the Adeleke family's influence in the energy landscape.

Davido's bold proclamation has ignited discussions about the dynamics of Nigeria's energy sector and the role of private entities in shaping its trajectory. As debates unfold, Davido's assertions serve as a catalyst for scrutinizing the intricate interplay between public and private stakeholders in Nigeria's quest for sustainable energy solutions.

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Posted: at 27-04-2024 09:52 AM (1 week ago) | Addicted Hero

You lack knowledge in this matter. Your statements are baseless and uninformed. Initially, you claimed that his family received a power plant as a gift. Can you even comprehend the absurdity of such a notion? Why would someone gift a power plant to an individual? Why weren't you gifted one then? Adeleke entered the energy business long before Otedola. He has been involved in that industry for a significant period of time. It is a significant aspect of David's father's business. No one simply gifts a power plant to another person. Please refrain from speaking nonsensically. The privatization of power plants by GEJ does not imply that individuals in the power sector were given them as gifts. I believe David is a young individual who is aware of his family's capabilities and possessions. At his level, he sits down with his father to discuss business interests. The boy is a billionaire in Naira and can comfortably engage in business discussions with his father. His father would not exclude him from the family business. He would have educated all his children about it. Are you blind? Did you not read where he mentioned "me and my family"? What does that indicate to you? He has already invested in the same business and has a stake in the family business. Claiming that he is ignorant of what he is saying is laughable. You are the one who is blindly entering into a topic you know nothing about. Your assertion is incredibly irritating. Your comment lacks any sense. All I see is someone who is overly nosy.

Posted: at 27-04-2024 10:37 AM (1 week ago) | Upcoming

 

Posted: at 27-04-2024 12:07 PM (1 week ago) | Grande Master