Nigerian businessman Adedeji Adeleke, founder of Pacific Holdings and father of music star Davido, has confirmed that construction of his $2 billion gas-fire power plant in Ondo State is complete.
The 1,250mw plant is one of the largest in Nigeria and could power over 2,000 jobs, but it’s still waiting to be linked to the national gas grid before it can start operations.
Adeleke, who has built a quiet business empire over four decades, warned that political instability and infrastructure delays remain key barriers for investors in Nigeria.
With this new facility, Pacific Energy is on the brink of becoming the country’s top independent power producer.
