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Olusegun Obasanjo Net Worth 2023

Published

January 23, 2023

Glusea brings to you Olusegun Obasanjo net worth and Biography

Olusegun Obasanjo net worth 2023: Olusegun Matthew Okikiola Aremu Obasanjo is a Nigerian military and political leader who served as military head of state from 1976 to 1979 and later as President of Nigeria from 1999 to 2007. Ideologically a Nigerian nationalist, he was a member of the People’s Democratic Party.

Olusegun Obasanjo net worth	$2 billion
Date of birth	5 March 1937
full name	Olusegun Matthew Okikiola ogunboye Aremu Obasanj
occupation	political and military leader
nationality	Nigerian

As 0f 2023, Olusegun Obasanjo net worth has been purged at $2 billion.

Biography

Born in the village of Ibogun-Olaogun to a farming family of the Owu branch of the Yoruba, Obasanjo was educated largely in Abeokuta.

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Joining the Nigerian Army, where he specialised in engineering, he spent time assigned in the Congo, Britain, and India, rising to the rank of major. In the latter part of the 1960s, he played a senior role in combating Biafran separatists during the Nigerian Civil War, accepting their surrender in 1970.

In 1975, a military coup established a junta with Obasanjo as part of its ruling triumvirate. After the triumvirate’s leader, Murtala Mohammed, was assassinated the following year, the Supreme Military Council appointed Obasanjo as head of state. Continuing Murtala’s policies, Obasanjo oversaw budgetary cut-backs and an expansion in access to free school education.

Increasingly aligning Nigeria with the United States, he also emphasized support for groups opposing white minority rule in southern Africa. Committed to restoring democracy, Obasanjo oversaw the 1979 election, after which he handed over control of Nigeria to the newly elected civilian president, Shehu Shagari.

He then retired to Ota, Ogun, where he became a farmer, published four books, and took part in international initiatives to end various African conflicts.

In 1993, Sani Abacha seized power in a military coup. Openly critical of Abacha’s administration, in 1995 Obasanjo was arrested and convicted of being part of a planned coup, despite protesting his innocence.

While imprisoned, he became a born-again, Christian, with providential strongly influencing his subsequent worldview. He was released following Abacha’s death in 1998. Entering electoral politics, Obasanjo became the People’s Democratic Party candidate for the 1999 presidential election, which he won comfortably.

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As president, he de-politicized the military and both expanded the police and mobilized the army to combat widespread ethnic, religious, and secessionist violence. He was re-elected in the 2003 election. Influenced by Pan-Africanist ideas, he was a keen supporter of the formation of the African Union and served as its chair from 2004 to 2006.

Obasanjo’s attempts to change the constitution to abolish presidential term limits were unsuccessful and brought criticism. In retirement, he earned a Ph.D. in theology from the National Open University of Nigeria.

Obasanjo has been described as one of the great figures of the second generation of post-colonial African leaders. He received praise both for overseeing Nigeria’s transition to representative democracy in the 1970s and for his Pan-African efforts to encourage cooperation across the continent. Critics accused him of corruption and of overseeing human rights abuses, as well as focusing on his avoidance of constitutional norms and their perception that he became too interested in power during his presidency.