Earlier this week, the musician asked fans who believe “I’ve given you a hit song” to send money to a bank account he detailed under his name.
Davido on Saturday said the appeal had been made in a “playful manner”, but had exceeded his expectations.
He thanked those who had donated cash, as he announced how it would be used.
The amount being given to orphanages includes fan donations and a personal contribution of N50m.
Davido is considered one of Africa’s biggest music stars. He has won MTV and BET music awards and has collaborated with international artists including Chris Brown and Nicki Minaj.
His social media request this week had been met with a mixed reception. Some pointed out that the star, who has some 22 million followers on Instagram, often flashes his lavish lifestyle online.
In one Twitter post with laughing emojis, Davido said his aim was to raise money to get his Rolls-Royce car cleared from a port.
He then shared bank account details and screenshots as the amount it contained continued to grow over a couple of days.
In his Saturday statement, the singer said it was his goal to do this fundraising for his birthday every year as a way to give back.
“I have always been passionate about giving back and helping people,” he said.
The Eselu of Iseluland in the Yewa-North Local Government Area of Ogun State, Oba Akintunde Akinyemi, has asked a Nigerian singer, David Adeleke, popularly known as Davido to lead a campaign against out-of-school children in the country.
The first class Oba in Ogun State appealed to Davido and other philanthropists to bring the out-of-school children in the southwest states back to schools.
Oba Akinyemi said this in an open letter he sent to the singer, a copy which was obtained by our correspondent on Tuesday in Abeokuta.
The monarch’s open letter to Davido might have been facilitated by the announcement made by the singer to disburse a sum of N250 million to orphanage homes across the country to celebrate his birthday.
Davido had announced that the total N200,000,000 raised from his fans and an additional N50,000,000 from his pocket would be taken to orphanage homes to mark his birthday.
In the open letter, the monarch stated that bringing the out-of-school children back to their classrooms would help the country to secure a better future.
He urged the Nigerian singer and other philanthropists to sustain the initiative.
The letter reads partly, “It is now a public discussion that Davido raised some millions of naira from his fans a few days ago, added his personal millions of naira and decided to donate everything to the orphanages in Nigeria in commemoration of his 2021 birthday celebration.
“Few years before the demise of your friend, Habeeb Uthman (a.k.a Habeeb 44), I met you and I noted from then that you passionately love the less privileged in our society. Without mincing words, the step you have taken has really elevated the traditional families in the South Western part of Nigeria because a Prince from Osun State (Davido) came up with an unprecedented initiative to better the lives of the downtrodden in our society.
“I also want to thank all the philanthropists who donated millions of naira to Davido to support him in the execution of his good plan of helping the less privileged in Nigeria. Specifically, I want to appreciate the donors like Oba Saheed Elegushi, Chief Femi Otedola, Alhaji Aliko Dangote, Chief Mike Adenuga, Obi Cubana, Hon. Ibrahim Egungbohun Dende, E-money and a host of others. God will continue to bless all of you for the kindest donations to Davido.
“Let me admonish Davido and his co-philanthropists not to make this step a one-off benefit. They should continue to join hands with Davido periodically to raise money which could also be used to take thousands of out-of-school children in the South West from the streets and return them to school for us to have a better society.
“For Chief Obafemi Awolowo’s legacy in education to be sustained, Davido should endeavour to sustain this good initiative he has started.”