Famous singer, David Adeleke, popularly known as Davido, has revealed that his family is responsible for distributing electricity to a major portion of Nigeria.
The ‘Assurance’ crooner said that his family owns four power plants, which significantly contribute to Nigeria’s energy needs.
The artiste gave this revelation while appearing on an American podcast, ‘Business Untitled,’ Davido spoke on his family business 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 will disagree with his claims 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.