Dr. Deji Adeleke, father of renowned Nigerian singer, Davido, has announced that his company generates about 15% of Nigeria’s electricity.
This significant revelation was made during a recent conference where the Nigerian billionaire discussed his investments in the nation’s power sector, including the development of his thermal power plant, which is set to become fully operational in January 2025. The conference attracted attention due to its focus on the urgent need for improved energy generation in Nigeria, a country that has faced consistent power supply challenges over the years.
In his statement, Dr. Deji Adeleke emphasized the importance of his contributions to the sector, stating, “In Nigeria, I’m in the electricity business. I own power plants, and I currently generate about 15% of the country’s energy needs.” His declaration highlights not only his personal investment but also his commitment to addressing the energy crisis that has plagued Nigeria for decades. He elaborated on how his company's operations are integral to enhancing the overall energy landscape in the country.
Dr. Adeleke also shared that 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, indicating his optimism about the project's timeline and its potential impact on the country's electricity supply.
A video of Dr. Adeleke’s statement was shared on X (formerly Twitter) by a social media user, who captioned it: “Davido’s Dad, Dr. Deji Adeleke, is building the biggest power plant in Nigeria. His company, Pacific Energy, generates 15% of Nigeria’s electricity. Money na waterrrrr o 👏.” The post quickly gained traction, reflecting public interest in the achievements of notable figures in the energy sector and the potential for positive change in Nigeria’s power supply.
The announcement sparked a lively discussion among social media users, with many individuals sharing their thoughts in the comments section, reflecting a mixture of admiration and skepticism about the current state of Nigeria's energy infrastructure.
See some 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 of yesterday what the national grid generated is not even up to 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.[/p>
His company, Pacific Energy generates 15% of Nigeria’s electricity.[/p>
Money na waterrrrr o 👏👏👏 pic.twitter.com/UkqKxSBINq[/p>
— OTUNBA (@ManLikeIcey) October 15, 2024