Olusegun A former military head of state Matthew Okikiola Aremu Obasanjo, GCFR, is a wealthy Nigerian who is also a former president of the Federal Republic of Nigeria from 2003 to 2007 under the banner of the People’s Democratic Party. His net worth is estimated to be $4 billion (PDP).
He is a Nigerian, specifically a past president. He is also known as President Olusegun Obasanjo or affectionately as OBJ. He was raised in Ogun State, in the southwest of Nigeria.
We will be revealing to you everything you need to know about the former president, Olusegun Obasanjo.
Profile
| Full name: | Olusegun Matthew Okikiola Aremu Obasanjo, GCFR |
| Date Of Birth: | 5th March 1937 |
| Age: | 84 Years |
| Nationality: | Nigeria |
| State Of Origin: | Ogun State |
| Marital Status: | Married |
| Children: | Blessed |
Biography
Thomas Olusegun, Aremu Obasanjo, better known by his stage name, Obasanjo, is a politician from Nigeria who was born on March 5, 1937, in the hamlet of Ibogun-Olaogun in the southwest of the country.
He was born into a Christian and Yoruba household; his parents were Bernice Ashabi Bankole and Amos Adigun Obaluayesanjo “Obasanjo” Bankole.
Only he and his sister (Adunni Oluwole Obasanjo), who was the first of nine children, made it through childhood.
Since Obasanjo’s father was a farmer, he was frequently employed in agricultural work. His parents urged him to begin his education at the community primary school when he was eleven years old.
He transferred to the Baptist Day School in Abeokuta’s Owu neighborhood after three years, in 1951. He changed schools in 1952, attending the Baptist Boys’ High School in the same city.
His tuition was partially covered by state funding.
While Obasanjo excelled academically, he decided to drop the “Matthew” from his first name as a statement against colonialism when he was in secondary school.
In the meantime, Obasanjo’s father had left his wife and two kids. Obasanjo’s mother had to engage in trading to make ends meet after falling into poverty.
He rose to the position of leadership in the Nigerian army after enlisting. He played a significant role in the Nigerian Civil War’s battle against Biafran separatists in the latter half of the 1960s, accepting their surrender in 1970.
A military coup created a junta with Obasanjo as a member of the ruling triumvirate in 1975. The Supreme Military Council named Obasanjo as president after the leader of the triumvirate,
Murtala Muhammad, was killed the following year. Murtala’s policy was continued by Obasanjo by implementing budget cuts and expanding access to free education.
Olusegun Obasanjo’s biography and net worth
He also placed a strong emphasis on backing for organizations fighting white minority rule in southern Africa, further aligning Nigeria with the United States.
He was dedicated to reestablishing democracy and presided over the 1979 elections before handing over leadership of Nigeria to Shehu Shagari, the newly elected civilian president.
After retiring, he settled in Ota, Ogun, where he started farming, wrote four books, and participated in global campaigns to put a stop to numerous hostilities in Africa.
Sani Abacha overthrew his government in a military coup in 1993. Despite protesting his innocence, Obasanjo was detained and found guilty of taking part in a plot to overthrow the government in 1995, despite his outspoken criticism of Abacha’s regime.
He experienced a spiritual awakening while incarcerated, and providentialism had a significant impact on his worldview moving forward.
In the wake of Abacha’s passing in 1998, he was freed.
Obasanjo entered political politics directly by running as the PDP candidate in the 1999 presidential election, which he easily won.
In order to prevent widespread racial, religious, and separatist violence, he depoliticized the military while also boosting the police and mobilizing the army.
To stop his nation’s debt from skyrocketing, he pulled Nigeria’s military out of Sierra Leone and privatized a number of state-run businesses. In the election of 2003, he was re-elected.
Obasanjo, who was influenced by pan-Africanist beliefs, was a strong proponent of the African Union’s establishment and held the position of its chair from 2004 to 2006.
Critics criticized Obasanjo for his unsuccessful attempts to amend the constitution to eliminate presidential term restrictions. He obtained a PhD in theology after his retirement from Nigeria’s National Open University.
One of the finest leaders of the second generation of post-colonial African leaders, Obasanjo has been praised.
He was praised for guiding Nigeria’s transition to a representative democracy in the 1970s as well as for his Pan-African initiatives to promote unity on the continent.
Obasanjo’s Private Life
Obasanjo is a driven leader with a long list of accomplishments. He has been married numerous times and has a large family. He currently resides in the state of Ota-Ogun, where he is well-known for being a farmer and the heir to several enterprises.
One of the finest leaders of the second generation of post-colonial African leaders, Obasanjo has been praised. He was praised for guiding Nigeria’s transition to a representative democracy in the 1970s as well as for his Pan-African initiatives to promote unity on the continent. Obasanjo’s
Houses and vehicles
Like many other politicians, including Bola Tinubu, Atiku, and others, Obasanjo has a large number of homes spread throughout Nigeria’s towns and cities. His collection of luxury vehicles, including a private jet, is worth billions of dollars.
He may also have other undisclosed assets in the Middle East and other parts of the world.
Olusegun Obasanjo’s Wealth
Olusegun Obasanjo, one of the wealthiest and most successful former presidents of Nigeria, is currently believed to have a net worth of $4 billion based on his known assets as of the time of this writing.