Davido Claims his Family Owns Four Power Plants in Nigeria
Davido, the renowned singer, has said his family plays a significant role in distributing electricity across a significant part of Nigeria.
He stated that his family owns four power plants, which contribute significantly to the country’s energy supply.
Davido made these statements during an appearance on an American podcast called ‘Business Untitled,’ where he discussed his family’s business ventures and personal investments.
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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.
