Davido Balances Afrobeats Stardom With Role In Father's Billion-dollar Power Company

Davido balances music and business, serving as a director at Pacific Energy, a key player in Nigerias power sector with a 1.4 billion valuation.

Pacific Energy is building a 2 billion, 1,250MW power plant, set to become Nigerias largest independent power producer by 2025.

Beyond music, Davido invests in electric mobility with Spiro and supports African talent through his Nine Records partnership with UnitedMasters.

David Adedeji Adelekebetter known as Davidohas captivated audiences worldwide with his magnetic stage presence and chart-topping hits. A Grammy-nominated artist, he has cemented his place as one of the most influential musicians of his generation. But beyond the bright lights and sold-out arenas, theres another side to him that often goes unnoticed. Away from music, he plays a key role in his familys billion-dollar business, Pacific Energy , a major player in Nigerias power sector.

Juggling music and business isnt uncommon, but few artists navigate both worlds as seamlessly as Davido. While running his record label, Davido Music Worldwide DMW, and collaborating with UnitedMasters on Nine Records , he also sits on the board of Pacific Energy alongside his siblings. His father, Adedeji Adeleke, serves as chairman of both Pacific Energy and Pacific Holdings Limited , the familys vast conglomerate with investments spanning banking, education, real estate, agriculture, logistics, and, most critically, power generation.

The Adeleke familys influence in Nigeria extends far beyond entertainment. Adedeji Adeleke built Pacific Holdings Limited from the ground up, transforming a small borehole drilling and water treatment business into a multi-industry powerhouse. Through its subsidiary, Pacific Energy, the family has become a dominant force in Nigerias power sector.

Pacific Energy is valued at about N2.14 trillion 1.4 billion , based on an industry-based valuation approach that compares it to publicly traded peers like Geregu Power and Transcorp Power. The company specializes in designing, operating, and maintaining power infrastructure, with two gas-fired power plants in southwest Nigeria: the Omotosho Power Plant in Ondo State 336.8MW and the Olorunsogo Power Plant in Ogun State 304MW. Together, they generate 640.8MW, putting Pacific Energy ahead of Geregu Power 435MW but behind Transcorp Power 972MW.

Its biggest project is still in the worksa 2 billion, 1,250-megawatt power plant under construction in Ajebandele, Ondo State. Slated for completion in 2025, the facility could provide more than 15 percent of Nigerias electricity supply, making Pacific Energy the countrys largest independent power producer. While Davido made his name in music, his involvement in Pacific Energy shows his commitment to the familys legacy. As a director, hes not just a global music starhes also playing a role in shaping Nigerias energy future.