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The DMW boss shares more details on his N300 million donation to 427 orphanages homes
Amidst Nigeria’s economic challenges, on February 21, 2024, Davido made a significant announcement by pledging to donate 300 million naira to orphanages across Nigeria. Keeping true to his word, the DMW boss followed through with his promise, disbursing the entire sum of 300 million naira to 428 orphanage homes in the country.
On February 23, 2024, Davido, acting on behalf of the David Adeleke Foundation, issued a comprehensive statement detailing the breakdown of the 300 million naira donation aimed at supporting orphanages nationwide. The statement underscored the foundation’s unwavering commitment to assisting vulnerable children in need.
According to the released statement, the generous donation is set to benefit a total of 427 orphanages spread across all states in Nigeria. Through a meticulous process, the foundation identified 13,936 eligible children for assistance, while 1,688 were determined to be ineligible for support.
Each eligible child is expected to receive an average disbursement of 19,733 naira from the allocated funds. This transparent and accountable approach underscores Davido’s dedication to making a meaningful impact in the lives of Nigeria’s less fortunate.
— Davido (@davido) February 23, 2024
This notable contribution highlights Davido’s steadfast commitment to effecting positive change in society and improving the well-being of disadvantaged children. Through the David Adeleke Foundation, Davido aims to offer vital assistance and nurturing to those in need.
The transparent release of the disbursement list underscores the foundation’s dedication to accountability and ensures that the donation reaches its intended beneficiaries effectively.
Davido’s estimated net worth of around 40 million dollars is derived from various revenue streams. His successful music career, lucrative endorsement deals, ownership of record labels, and investments in real estate all contribute to his wealth.