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Thursday, September 21, 2023

Olusegun Obasanjo Biography and Net Worth

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  • Name: Olusegun Matthew Aremu Obasanjo
  • Profession: Politician, businessman
  • Born: March 5, 1937
  • Nationality: Nigerian
  • Net Worth: $1.2 billion (estimated)

It is not out of place for people to want to know the net worth of some of the famous names around them.

In a country like Nigeria, where politicians continuously acquire expensive properties, people become curious about what else our politicians do asides politics to make the kind of money they spend.

In this article, we will be going through the biography of Nigeria’s two-time former President Olusegun Obasanjo, and also take a look at his net worth in 2020.

Described by some as the most influential Nigerian politician and by others as one of the most powerful politicians the country has ever had, Baba Iyabo, as he is fondly called, has been different things to different people.

However, his journey to the Nigerian political scene wasn’t always rosy.

Biography and role in Nigerian politics

Chief Olusegun Matthew Aremu Obasanjo was born in Abeokuta, Ogun State, Nigeria, on the 5th of March, 1937. Chief Obasanjo was once a Nigerian military head of state before becoming the Federal Republic of Nigeria’s Second democratically elected president.

This robust portfolio makes Olusegun Obasanjo the longest-serving president in the world’s most prominent black nation.

He is often called “Baba Iyabo” because of his daughter Iyabo Obasanjo who has also made headlines in the Nigerian political sphere, or “OBJ,” which is an abbreviation for Obasanjo.

He is not only one of Nigeria’s key political players, but is is also one of the most famous politicians in Africa.

Chief Olusegun Obasanjo is from one of Nigeria’s major ethnic, Yoruba, and has been married to 4 different women. Amongst the four women who have been married to chief Obasanjo was identified more with late Mrs. Stella Obasanjo.

Chief Olusegun Obasanjo served Nigeria as president for eight years under the people’s democratic party PDP. Some people have claimed that it was during chief Obasanjo’s eight-year reign as president of Nigeria that the country acquired its reputation as one of the most corrupt in the world.

Notable achievements of the Chief Olusegun Obasanjo regime as president of the Federal Republic of Nigeria include the introduction of GSM (Global System for Mobile communication) and a rise in the Nigerian GDP from 3% to 6%.

Olusegun Obasanjo Net Worth/Assets (2020)

If the average Nigerian were asked to guess what former President Olusegun Obasanjo is worth in Nigerian Naira, you would be surprised at the different answers that will be recorded.

However, one thing will be shared; everybody believes he has so much wealth that may not be disclosed. The reason for this is the rumor that during his tenure as democratic president of Nigeria, his assets were not declared publicly.

There is also news that he became president with not more than 20 thousand Naira (NGN20, 000) in his bank account, but left office with billions of Naira.

He is also rumored to owning an oil block in Nigeria. Obasanjo is a farmer and possesses the largest chicken poultry in West Africa. His farm is called “Otta Farm,” responsible for the employment of over 6000 Nigerians.

Olusegun Obasanjo is rumored to be the owner of an oil block in Nigeria. The Obasanjo farms located at Otta Ogun State Nigeria, also popularly called the other farms is the largest chicken country in west Africa and is owned by Olusegun Obasanjo. Otta Farm is believed to be responsible for the Employment of more than 6000 Nigerians.

Although Baba Iyabo’s assets have never been entirely made public, if the information made available by Forbes list this 2020 is anything to go by, then Obasanjo’s current net worth is estimated to be a sum of $1.2 billion.

We hope that you found this article interesting and engaging. Please, do not hesitate to leave a comment below and also share.

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Emmanuella Oluwafemi
Emmanuella Oluwafemihttps://freelancespace.org
Emmanuella Oluwafemi is a sociologist, anthropologist, fashion model, and senior writer at Krafty Sprouts Media, LLC. She is also the founder of https://freelancespace.org
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