Babajide Sanwo Olu Net Worth and Biography

Babajide Sanwo-Olu is a Nigerian politician and the present Governor of Lagos State. His victory in the last gubernatorial elections saw him take over from Akinwunmi Ambode as the 15th Governor of the state. In this write-up is Babajide Sanwo Olu Net Worth.

Babajide Sanwo Olu Net Worth 2022

He is currently worth just over 200 Million US Dollars which is 82,600,000,000 (82.6 Billion) Naira.

Early Life And Education

Babajide Olusola Sanwo-Olu on the 25th of June, 1965.

After his secondary school education, he proceeded to study at Lagos State University where he got a B.Sc and an MBA in surveying.

According to reports, Jide Sanwo-Olu also studied at the Kennedy School of Government, USA, London Business School, and also Lagos Business School (LBS).

Banking Career

Following his graduation from school, the Governor worked at former Lead Merchant Bank as a treasurer (from 1994 to 1997).

From there he moved to the United Bank for Africa (UBA) where he worked as the head of the foreign money market.

After some time in UBA, he left for First City Monument Bank (FCMB). There he served as a deputy general manager and also divisional head.

Sanwo-Olu has also once served as the chairman of Baywatch Group Limited and First Class Group.

He is also among the board members of the Department for International Development(DFID/DEEPEN), fund, and Audit Committee of Caverton Offshore Services Group.

Personal Life And Family

Sanwo-Olu is one of the few Nigerian politicians that has managed to keep himself from scandal when it comes to his relationships and private life.

The able Governor of Lagos state is married to only one wife, Dr. Ibijioke Sanwo-Olu and their home is blessed with a good number of children.

His Political Appointment Before 2019 Elections

Before becoming the Governor of Lagos State in 2019, Babajide Sanwo-Olu served as a Special Adviser on Corporate matters in 2003 to the Lagos deputy governor then, Femi Pedro.

While playing that role, he was also made the acting commissioner for Economic Planning and Budget.

During Governor Bola Tinubu’s administration, Jide Sanwo-Olu was given the opportunity to serve the state as the commissioner for commerce and industry.

When Babatunde Fashola took over from Tinubu as the governor of Lagos State, he made the Sanwo-Olu Commissioner for Establishments, Training, and Pensions.

In 2016, Governor Akinwunmi Ambode made him the Managing Director and CEO of Lagos State Development and Property Corporation (LSDPC).

What that simply means is that Sanwoolu successfully served every Lagos State governor since 2003, beginning with Bola Ahmed Tinubu, he actively participated in the operation of the state.

How He Became The Governor of Lagos

Following Ambode’s fallout with some political heavyweights in the state like Bola Tinubu ( APC’s National leader and Ambode’s political godfather), the former began to be accused of many things, including mismanagement of state resources.

On the 16th of September 2018, Sanwo-Olu officially made public his intention to run for the office of the governor of Lagos State. Being a member of the All Progressive Congress (APC) which is the ruling party in the state, he decided to contest under the party.

As expected, this decision of his was widely received and well supported by several big names across the state including the Lagos State House of Assembly.

Dr. Hamzat Femi who was also contesting for the same position under the party had to withdraw in support of Sanwo-Olu.

On the 2nd of October 2018, the All Progressive Congress (APC) held their Lagos gubernatorial primaries and Sanwo-Olu came out victorious, flooring the incumbent Governor Ambode completely.

He went on to win the Lagos State Gubernatorial Elections which were held on the 9th of March 2019 triumphing over PDP’s candidate Jimi Agbaje and other candidates from other parties.

On the 29th of May 2019, Babajide Sanwo-Olu was sworn into office as the 15th Governor of Lagos State.

His International Recognition And Awards

The amiable governor of Lagos State has received so much international recognition and awards, some of those awards are listed below.

  • In 2009, he received “Best in Human Capital Development award from the Industrial Training Fund(ITF).
  • He received “Merit award” from the National Association of National Accountants of Nigeria.
  • LSDPC Impactful Leadership and Recognition Award.
  • Merit Award from the Chartered Institute of Personnel Management in Nigeria (CIPMAN).
  • Lagos State Public Service Club also gave him the “platinum” award for his diligence and hardwork.
  • He also received “Merit Award” from the Association of professional Women Engineers of Nigeria (APWEN)

His Religion

Babajide Sanwo-Olu is a very committed Christian and so is his wife Dr. Ibijioke Sanwo-Olu and the rest members of his family.

Final Statement

Babajide Sanwo net worth is one of the most searched keywords that relate to Nigerian politicians.

He is one politician who started from the grassroots and worked his way up to where he is today. He is indeed a role model to so many young people out there who have an interest in politics.

From the look of things presently, the governor may outperform his predecessor whom most people have actually come out to say he worked very little or nothing while in office.

But what do you think about the present governor, do you think he will truly outperform Ambode? Let me know in the comment section below.

Adebisi Frank

Hi Guys! My name is Adebisi Frank. This website is where I share how much Nigerians of different professions and industries makes and how much the top ones are worth.