Olusegun Obasanjo Biography: Age, Hometow, Education, Career, Politics, Net Worth

Olusegun Obasanjo is a retired Nigerian military officer, statesman, and politician who served as Nigeria’s Head of State (1976–1979) and later as a civilian President (1999–2007). He played a crucial role in shaping Nigeria’s political and economic landscape, making him one of the most influential leaders in the country’s history.
Early Life and Background
Date of Birth & Hometown
- Olusegun Matthew Okikiola Aremu Obasanjo was born on March 5, 1937, in Abeokuta, Ogun State, Nigeria.
Nationality & Ethnicity
- He is of Nigerian nationality and belongs to the Yoruba ethnic group.
Parents & Family
- Father: Amos Adigun Obasanjo Bankole (a farmer)
- Mother: Ashabi Obasanjo (a trader)
He grew up in a modest household in Abeokuta and was deeply influenced by his Yoruba cultural heritage.
Education
Obasanjo attended Baptist Boys’ High School in Abeokuta, where he excelled academically. In 1958, he joined the Nigerian Army, where he received extensive military training both locally and internationally, including:
- Mons Officer Cadet School (UK)
- Royal College of Defence Studies (UK)
His military education prepared him for leadership roles in Nigeria’s defense and governance.
Military Career (1958–1979)
Olusegun Obasanjo’s military career was marked by key roles in Nigeria’s history, including:
- Nigerian Civil War (1967–1970): He played a crucial role in leading federal troops to victory against Biafran forces.
- Head of State (1976–1979): Following the assassination of General Murtala Mohammed, Obasanjo became Nigeria’s military ruler, overseeing a peaceful transition to civilian rule in 1979.
His decision to hand over power to a civilian government made him a respected figure in Nigerian politics.
Political Career (1999–2007)
After years of military rule, Nigeria transitioned to democracy, and Obasanjo contested in the 1999 presidential elections under the People’s Democratic Party (PDP). He won and became Nigeria’s first democratically elected president after military rule.
Presidency Achievements:
- Debt Relief: Negotiated the cancellation of Nigeria’s foreign debt.
- Economic Reforms: Encouraged privatization and foreign investment.
- Anti-Corruption Efforts: Established the Economic and Financial Crimes Commission (EFCC) to fight corruption.
- Infrastructure Development: Focused on roads, telecommunications, and power sectors.
He was re-elected in 2003 and served until 2007, making him the first Nigerian leader to serve two full terms as an elected president.
Net Worth
As of 2024, Olusegun Obasanjo’s estimated net worth is around $1.6 billion. His wealth comes from:
- Agriculture and farming businesses
- Investments in oil and telecommunications
- Real estate holdings
Despite his wealth, he is known for his simple lifestyle and dedication to national development.
Conclusion
Olusegun Obasanjo remains one of Nigeria’s most influential leaders, having played major roles in both military and civilian governance. From leading troops in war to leading Nigeria’s economic reforms, his contributions have shaped the nation’s history. Whether celebrated or criticized, his impact on Nigeria’s politics, economy, and diplomacy remains significant.