Afrobeat star, David Adeleke, popularly known as Davido, has disclosed that his father, Deji Adeleke, became a millionaire at 23 and heads a major energy firm.
In a recent episode of the American podcast Bagfuel Brigade, Davido revealed that his father’s company produces around 18% of West Africa’s electricity, which is supplied directly to government agencies for distribution.
The Grammy-nominated artist said: “My Dad made his first million like 23. Right now, we supply about 18% of the whole electricity in West Africa. He sells 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 October 2024, Adeleke disclosed that his power company is responsible for generating approximately 15% of Nigeria’s electricity, a feat achieved with the support of Chinese engineering partners.
He is also in the final stages of completing a 1,250MW power plant, which is poised to become the largest in Nigeria when it begins operations in 2025.
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