Nigerian business mogul Adedeji Adeleke, founder of Pacific Holdings and president of Adeleke University, is making headlines with an ambitious new venture aimed at transforming Nigeria's energy industry. The billionaire, who is also the father of music superstar
Davido, is spearheading a $2 billion project to launch a 1,250-megawatt power plant in Ondo State. This development is poised to significantly boost Nigeria's power generation, which currently stands around 5,000 megawatts.
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| Dr Adedeji Adeleke with his son, Davido |
The project has not been without its challenges. A recent robbery involving the theft of essential turbine components threatened to delay progress, but Adeleke's resolve to see the initiative through remains unshaken. His vision goes beyond merely increasing power output; the project aims to create thousands of jobs and drive economic growth across the region.
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| Dr Adedeji Adeleke with his younger brother, Dr Ademola Adeleke, Governor of Ondo State |
With this innovative power plant, Adeleke is positioning Nigeria to become a leader in the energy sector, improving electricity accessibility and quality for millions. As the country grapples with energy demands and infrastructural needs, this initiative represents a significant step towards a brighter and more sustainable future.
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