“Wizkid Papa dey sleep” – Reactions as Davido’s Billionaire Dad set lunch $2B Power plant

In a groundbreaking announcement, Adedeji Adeleke, father of Nigerian-American superstar Davido, is set to launch the largest power plant in Nigeria. This major project, a 1,250 MW thermal power plant, is expected to become operational in January 2025.

Adeleke made this revelation on Tuesday, October 15, 2024, during the Seventh Day Adventist General Conference Annual Council, where he spoke as a layperson from the West-Central Africa Division. His announcement marks a significant milestone in Nigeria’s efforts to address its chronic power shortages, which have long hampered economic growth and development.

The 1,250 MW plant will be the largest of its kind in Nigeria, positioning the country for greater energy self-sufficiency. The scale of the project highlights Adeleke’s vision for sustainable development and his contribution to improving the nation’s infrastructure. Given Nigeria’s energy crisis, which sees regular blackouts and reliance on generators, this development could be a game changer.

Adeleke’s move into the energy sector is not entirely surprising, considering his long-standing reputation as a businessman and philanthropist. Through his company, Pacific Holdings Limited, he has contributed to various industries, including finance, oil, gas, and now energy. His foray into the power sector with such an ambitious project underscores his commitment to addressing one of Nigeria’s most pressing challenges.

With the plant expected to go live in early 2025, many hope this initiative will not only improve electricity supply but also create jobs, stimulate industrial growth, and attract foreign investment.

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