My company generates 15% of Nigeria’s electricity – Adeleke

A renowned billionaire businessman and father of music sensation Davido, Dr. Adedeji Adeleke, has announced that his company generates an impressive 15% of Nigeria’s electricity needs.

Adeleke disclosed this during his speech at the Seventh-Day Adventist Church’s General Conference Annual Council 2024 on Tuesday.

He, however, announced plans to construct a groundbreaking 1,250-megawatt power plant, which will surpass existing facilities to become Nigeria’s largest electricity generator on completion.

He said: “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 completed by January, by the grace of God, the 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.”

Adeleke revealed that an unnamed government official threatened to halt the project’s completion during preparations.

He attributed the project’s near-completion to God’s mercy, calling it a testament to divine intervention that the venture has overcome obstacles and progressed successfully.

He said: “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 officials that I held a meeting with told me to my face that my project would never see the light of day.

“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.

“So I left, disappointed, and I told my Chinese friends that unfortunately we have difficulty, and this project is going to stall. Meanwhile, the project is worth about $2 billion.

“In the process, a lot of money had already gone into the design and preliminaries.

“Before we get to the stage where we would need a permit and then break ground.

“So my Chinese friend was worried because the Afrexim Bank of China was involved, so that meant bankruptcy for him. I told him not to worry.”

Adeleke noted that his Chinese friend had to travel to Nigeria to discuss a solution, as he never believed that prayer alone could complete the project.

Adeleke testified that prayer yielded results as the Minister of Power, impressed by the project’s brilliance, granted the necessary approval, paving the way for its successful completion.