Global music superstar David Adeleke, popularly known as Davido, has taken a bold step into the energy industry with the launch of his new company, Chivido Oil and Gas Plc, in Atlanta, Georgia, USA.
The move marks a significant diversification for the award-winning artist, who is investing ₦2 billion into the venture as part of his broader vision to expand beyond music.
The new company isn’t entering the market alone. In a groundbreaking partnership, Africa’s richest man, Aliko Dangote, has pledged full support for the enterprise by supplying its oil and gas products.
The collaboration brings together two of Nigeria’s most influential figures one a titan of industry, the other a global entertainment powerhouse creating a dynamic synergy that promises to reshape how African entrepreneurship is perceived on the world stage.
Industry watchers say the alliance between Davido and Dangote could set a new standard for African-owned energy businesses, leveraging Dangote’s vast experience in industrial operations and Davido’s global reach and youthful influence.
For Davido, this investment underscores his growing commitment to building a sustainable business empire that will outlive his music career. “Chivido Oil and Gas” reflects not just ambition, but a clear intent to create generational wealth and empower others through innovation and economic impact.
The launch event in Atlanta drew attention from both business and entertainment circles, with many applauding Davido’s transition from hitmaker to high-profile investor demonstrating once again that his vision extends far beyond the stage.
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