Adeleke has revealed that his ongoing 1,250MW power plant project will create more than 2,000 direct jobs for engineers and technical workers once operational.
Speaking at the 11th convocation ceremony of Adeleke University in Ede, Osun State, Dr. Adeleke, who is also the father of Afrobeats superstar Davido, stressed that the project is not only a milestone for his Pacific Energy Company Limited but also a bold intervention to address Nigeria’s chronic electricity shortages.
The $2 billion (about N3.42 trillion) investment, first announced in 2024, is projected to become the largest single power generation facility in Nigeria upon completion.
With the nation’s power sector plagued by persistent blackouts, unreliable supply, and inflated billing, stakeholders see the Omotosho plant as a critical step toward stabilising energy access for households and industries.
Beyond job creation, the project is expected to stimulate industrialisation, reduce Nigeria’s dependence on small-scale generators, and encourage other private-sector players to channel investments into large-scale infrastructure.
Energy experts believe such initiatives could help close the gap between Nigeria’s current electricity generation, hovering around 4,500MW for over 200 million people, and the demand, which is estimated to exceed 30,000MW.
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