According to the singer, the money came from his N100m challenge which raked in N201m in three days.
Making the announcement via his Instagram page, Davido stated that he has decided to add N50m to the donation from fans and colleagues.
In total, Davido is set to support orphanages across Nigeria with a sum of N250m.
On Wednesday, David asked his friends and fans to donate N1m each to him for his birthday.
Though he added that the goal was to get N100m, the singer received over N53m in cash transfers in less than one hour after asking colleagues for N1m.
Following the successful contribution, the singer has decided to give back to society.
Watch announcement video below:
Davido also set up a five-man committee to oversee the disbursement of the funds, as he promised that their activities would be made public.
See official statement below:
Celebrities that donated money to Davido
Some of his donors include Nigerian businessmen, Obi Cubana and Femi Otedola. The singer, however, did not disclose the amount sent to him from the likes of Femi Otedola, Obi Cubana, E-Money, Patoranking, and some others.
Celebrities that gifted Davido N1m includes Zlatan Ibile, Adekunle Gold, Mr. Eazi, Nengi, Chike, Teni, Charles of Play, Cubana Chiefpriest, Naira Marley, M.I, Phyno, Eniola Badmus, Nasboi, Sydney Talker, and Peruzzi.