Dr. Adedeji Adeleke, billionaire businessman and father of Nigerian music star Davido, has disclosed that his power plants currently generate 15% of Nigeria’s electricity supply.
He revealed this while speaking at the Seventh-Day Adventist Church’s General Conference Annual Council in Maryland, United States.
Adeleke announced plans to expand his $2 billion investment in Nigeria’s power sector by constructing a new 1,250-megawatt power plant, which is expected to be the largest thermal plant in the country when completed in January 2025.
He stated, “I am a businessman in Nigeria; I’m in the electricity business. I own power plants. I generate presently about 15 percent of the electricity needs of Nigeria.
“I have Chinese engineering companies that work for me. I am building and almost complete by January, by the grace of God, tenth new power plant that will be the biggest thermal power plant in Nigeria.
“It’s a 1,250-megawatt power plant to become operational in January.”
He shared challenges faced during the project, including a government official who initially denied the necessary permit due to environmental concerns.
He added, “During the course of the design and getting the permit, we ran into difficult government officials. For environmental reasons, our permit was denied, and the particular government official that I held a meeting with told me to my face that my project would never see the light of the day.
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“But while he was saying that, I was saying in my mind that this guy is talking as if he is God. I was saying in my mind that God should listen to him; Because he is not God, whatever he is saying is null and void.”
The billionaire highlighted the role of Chinese engineering companies in building his power plants and emphasised the importance of his business in addressing Nigeria’s electricity needs.
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