Davido and Wife Allegedly Invest ₦2 Billion in Oil and Gas Venture

Davido and wife Chioma reportedly invest ₦2 billion in oil and gas, marking their first major public business venture. 

The superstar couple expands into Nigeria’s energy sector, marking their first major public business investment.

By Wapcodehub9ja LIVE News Correspondent | Lagos, Nigeria | Monday, November 10, 2025 | 1:10 PM (WAT)

Nigerian music superstar David Adeleke, popularly known as Davido, alongside his wife Chioma Adeleke, has reportedly invested over ₦2 billion into Nigeria’s oil and gas industry. This move represents the couple’s first major business venture outside the entertainment sector and signals a significant expansion of their financial portfolio.

Industry insiders say the investment will focus on downstream oil operations, distribution, and logistics, targeting both industrial and retail energy markets in Nigeria. The business is expected to create employment opportunities for young Nigerians, contributing to local economic growth.

Reports indicate that Aliko Dangote, Africa’s richest man and Davido’s mentor, is advising the couple on the project. His guidance is believed to be instrumental in facilitating partnerships, operational approvals, and strategic investment decisions, strengthening the venture’s foundation.

Analysts describe this development as a landmark for Nigerian celebrity entrepreneurship, illustrating a shift from solely entertainment income to high-value industrial investments. Observers note that such moves could inspire other artists and young Nigerians to diversify wealth and create long-term business sustainability.

Social media reactions have been overwhelmingly positive, with fans describing the investment as a “game-changer” and reinforcing Davido’s reputation as “001” — symbolizing leadership, influence, and business acumen.

While specific details of the company’s launch date and operational structure remain under wraps, the investment is already generating anticipation among investors, media outlets, and industry stakeholders, highlighting the increasing impact of celebrity-driven businesses in Nigeria.