The announcement was made on his X account on Monday morning.
He indicated that the funds would support orphanages as well as a charity dedicated to combating drug abuse among young people.
Davido assured his followers that further details would be shared in future posts.
He stated, “Once again, for my birthday this year, we are donating to orphanages and a charity that helps young people stay away from drug abuse & addiction. This year is N300m. Details to follow soon.”
This marks another instance of Davido's charitable efforts in honor of his birthday; in November 2021, he contributed N250 million to 292 orphanages to celebrate his 29th birthday.