Nigerian music star, David Adeleke, popularly known as Davido, recently revealed that his family is responsible for distributing electricity to major parts of Nigeria.
According to him, his family owns four power plants, which significantly contributes to Nigeria’s energy needs.
Appearing on an American podcast, ‘Business Untitled,’ Davido spoke on his family businesses and 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. We 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.”
While Davido is from a wealthy family with investments in the energy sector, many observers might disagree with his claim that his family supplies most of Nigeria’s energy needs.
Most of the major thermal and hydropower plants in Nigeria are owned by the government.
