Renowned singer David Adeleke, popularly known as Davido, recently stated that his family is responsible for supplying electricity to a significant part of Nigeria.
He mentioned that his family owns four power plants that play a major role in meeting Nigeria’s energy requirements.
During his appearance on the American podcast ‘Business Untitled,’ Davido discussed his family’s business ventures and his own personal investments.
He said, “I once tried to go into cryptocurrency because Nigeria is big on crypto. Apart from that, me and my family have like four power plants worth a lot of money. W distribute energy to most of Nigeria.
“My wife is into culinary. We are trying to start a restaurant for her. But my main business is what I love; my music.”
Although Davido comes from an affluent family with stakes in the energy sector, many experts contest his assertion that his family provides the majority of Nigeria’s energy.
In reality, the government owns most of the significant thermal and hydropower plants in Nigeria.