Adegboyega Oyetola: Biography Net Worth, Education, Career And More

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Adegboyega Oyetola is a Nigerian politician and the current Minister of Transportation. This article provides detailed information about his biography, including his age, net worth, wife, children, political party affiliation, and current political appointment.

Adegboyega Oyetola personal information

  • Name: Adegboyega Oyetola
  • Date of Birth: 29 September 1954
  • State of Origin: Osun state
  • Tribe: Yoruba
  • Nationality: Nigerian
  • Occupation: Politician
  • Religion: Islam
  • Marital Status: Married
  • Net Worth: $1 million
  • Current Office: Minister of Transportation

Early Life and Education

Adegboyega Oyetola was born on September 29, 1954, in Iragbiji, Osun state. He hails from the Yoruba tribe and holds Nigerian nationality. Oyetola was raised in a devout Muslim family, with his father serving as the imam of their hometown, Iragbiji. He received his primary and secondary education in Nigeria before pursuing higher education.

Career in the Corporate World

Before entering politics, Oyetola had a successful career in the corporate world. He started his professional journey as a manager at Leadway Assurance and later worked as a technical controller at Alliance and General Insurance Company Limited. His expertise and experience in the insurance sector led him to become the executive vice chairman of Paragon Group of Companies. Oyetola eventually established his own company, Silvertrust Insurance Brokers Limited, showcasing his entrepreneurial spirit.

Political Career and Affiliation

Adegboyega Oyetola’s political career began when he joined the Alliance for Democracy (AD), which later transformed into Action Congress (AC) and then Action Congress of Nigeria (ACN). He actively participated in the party’s activities and played a role in the merger with another party to form the All Progressives Congress (APC). Oyetola became a member of the APC and aligned himself with the party’s ideologies and principles.

Governorship Election and Current Political Appointment

In 2018, Oyetola contested the governorship election in Osun state with the support of Bola Ahmed Tinubu, the national leader of the APC. Although he initially lost the election, he was declared the winner amidst controversy. However, when he sought a second term in 2022, he faced defeat, and the people of Osun celebrated his loss.

In August 2023, Oyetola was appointed as the Minister of Transportation by President Muhammadu Buhari. However, a few days before the inauguration of the cabinet, he was redeployed to the Ministry of Marine and Blue Economy to replace Bunmi Tunji-Ojo.

Personal Life and Philanthropy

Adegboyega Oyetola is married to Kafayat Oyetola, and they have four children. Kafayat is a philanthropist and the founder of Ilerioluwa Development Initiative, a foundation that aims to support underprivileged women and children in Nigeria. Despite his political engagements, Oyetola maintains a close relationship with his children and values family life.

Adegboyega Oyetola Net Worth

While Adegboyega Oyetola’s exact net worth is not publicly disclosed, it is estimated to be around $1.5 million. His political career has likely contributed to his financial success. Additionally, he has been reported to own a property worth over 11 million pounds in London, as revealed by the Pandora Papers.

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