Buzz & Viral

Adedeji Adeleke Reveals $2bn, 1250MW Power Project

Published on April 30, 2026

Adedeji Adeleke reveals plans for a $2bn 1,250MW power plant in Nigeria, claiming significant electricity generation share sparks mixed reactions

Nigerian billionaire businessman Adedeji Adeleke has revealed that he is developing a $2 billion power project with a capacity of 1,250 megawatts, while claiming to generate about 15 per cent of Nigeria’s electricity output, sparking widespread reactions on Thursday, April 30, 2026.

Also read: “No Alcohol, No Smoking” – Ice Prince Shares Discipline Behind His Transformation

Adedeji Adeleke, who is also the father of music star Davido, made the disclosure while speaking on his investments in Nigeria’s energy sector.

He stated that he owns power plants and operates within the energy industry, adding that his companies contribute significantly to electricity generation in the country.

Adeleke further explained that he is currently constructing what he described as the largest power plant in Nigeria’s history, valued at $2 billion and designed to generate 1,250 megawatts of electricity.

The statement quickly gained traction online, with Nigerians expressing a mix of admiration, surprise and scepticism over the scale of the project.

Some social media users praised the development, describing it as a potential breakthrough for Nigeria’s struggling power sector and a major boost to the national grid.

Others reacted with doubt, questioning the feasibility of the claim and demanding more transparency around large-scale private sector involvement in electricity generation.

A section of commentators also linked the announcement to broader discussions about wealth concentration and business influence in Nigeria’s infrastructure sector.

Despite the divided reactions, the announcement has intensified public interest in private sector participation in power generation, a critical challenge facing Africa’s largest economy.