‘I generate 15% of Nigeria’s electricity’ – Davido’s dad
Dr. Adedeji Adeleke, a billionaire businessman and father of popular Nigerian musician Davido, has publicly stated that he is responsible for generating 15% of Nigeria’s electricity supply.
This claim was made during his speech at the Seventh-Day Adventist Church’s General Conference Annual Council held on October 15, 2024.
Adeleke emphasized his significant involvement in the electricity sector, revealing that he owns multiple power plants through his company, Pacific Energy.
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He mentioned that he is currently constructing a new thermal power plant with a capacity of 1,250 megawatts, which is projected to be the largest in Nigeria upon its completion scheduled for January 2025. The investment associated with this project amounts to approximately $2 billion.
During the development phase of this power plant, Adeleke encountered bureaucratic challenges from government officials who initially denied him the necessary permits for environmental reasons.
He recounted an incident where a government official expressed skepticism about the project’s viability, stating it would “never see the light of day.” Despite these obstacles, Adeleke attributed the eventual approval of his project to what he described as divine intervention.
Pacific Energy Company Limited was incorporated on the 18th of June 2001. The company was created as a means of participating in the Electric Power Sector with an initial focus on designing, testing, operating, and maintaining power generation and distribution equipment.
With its strong technical partnerships with two prominent power generation and electrical companies in China, Pacific Energy was able to gain a foothold in the power sector – a critical launching pad for its ambition of owning and operating power plants in the country. In October 2006, Pacific Energy Company realized this vision when it successfully bided for and won the rights to operate the Olorunsogo Power Company located in Ogun State. This was followed in December 2006 by the successful acquisition of Omotosho I, Power Company located in Ondo State.
With two fully operational power plants in its custody, Pacific Energy Company is currently expanding the generation capacity of these facilities whilst actively taking steps to fulfil its ultimate vision of building the biggest and most ultramodern power generation plant in Sub-Saharan Africa.
