Age, Biography and Wiki

Femi Pedro (Olufemi Olusegun Pedro) was born on 29 January, 1955 in Lagos Island, Lagos, British Nigeria (now Lagos, Lagos State, Nigeria), is a Nigerian politician and economist (born 1955). Discover Femi Pedro's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 69 years old?

Popular As Olufemi Olusegun Pedro
Occupation Politician · economist
Age 69 years old
Zodiac Sign Aquarius
Born 29 January 1955
Birthday 29 January
Birthplace Lagos Island, Lagos, British Nigeria (now Lagos, Lagos State, Nigeria)
Nationality Nigeria

We recommend you to check the complete list of Famous People born on 29 January. He is a member of famous Politician with the age 69 years old group.

Femi Pedro Height, Weight & Measurements

At 69 years old, Femi Pedro height not available right now. We will update Femi Pedro's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Femi Pedro's Wife?

His wife is Jumoke Pedro

Family
Parents Not Available
Wife Jumoke Pedro
Sibling Not Available
Children Bode Adegboyega Pedro, Abiola Olayinka Pedro

Femi Pedro Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Femi Pedro worth at the age of 69 years old? Femi Pedro’s income source is mostly from being a successful Politician. He is from Nigeria. We have estimated Femi Pedro's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Politician

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Timeline

1955

Olufemi "Femi" Olusegun Pedro (born 29 January 1955) is a Nigerian economist and politician who served as deputy governor of Lagos State from 2003 to 2007.

Before his election alongside Bola Tinubu, he was a co-owner and the chief executive officer of First Atlantic Bank, now FinBank.

Pedro is the current chairman of the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), and the founding chairman of the Lagos State Sports Trust Fund.

Femi Pedro was born in Lagos Island to Pa Olajide Pedro, an Aguda retired officer of the defunct Western Nigeria Marketing Board, Ikeja, and Modupe Pedro (née Abayomi) on 29 January 1955.

Pedro is a descendant of Pa Sanusi Adeyinka Pedro, whose father settled in the Shomolu area of Lagos before moving to Bamgbose Street in Popo Aguda, Lagos Island.

1976

Pedro received a Bachelor of Science in economics from the University of Wisconsin–Superior (1976–1978) and a master's degree in economics from Wichita State University (1979–1981).

He is married to Jumoke Pedro, a High Court judge in Lagos.

1982

Pedro started his banking career in 1982 when he joined the Central Bank of Nigeria (CBN).

1985

He rose to the post of assistant manager in 1985, and became a research economist.

1986

In 1986, he was admitted as an associate of the Chartered Institute of Bankers, London, United Kingdom.

1988

He worked at First City Merchant Bank (now First City Monument Bank) afterwards in 1988, where he became the executive assistant to the bank's chairman and chief executive officer (CEO).

He became the deputy manager and head of corporate planning in the same year.

Pedro became one of the first investors in Guaranty Trust Bank with Fola Adeola, Tayo Aderinokun, Gbolahan Osibodu, Femi Akingbe, and Akin Opeodu.

1990

He later took up a senior managerial role at its inception in 1990, and was responsible for opening a multitude of its branches across the southern and northern parts of Nigeria.

1997

He served in various capacities at the bank until 1997, when he voluntarily retired.

On the eve of his retirement, he was admitted to the fellowship of Chartered Institute of Bankers of Nigeria (CIBN).

1998

In January 1998, Pedro ventured into private business as the chairman of Agro-Corp Ventures Limited, a commodity processing company.

The same year (Nov 1998), he was appointed managing director and CEO of Comet Merchant Bank (now FinBank, following the acquisition of the bank by a consortium of investors including himself).

In his years as the deputy governor, Pedro was appointed chairman of Lagos State Revenue Mobilization committee.

They restructured, reorganised and re-engineered the Board of Inland Revenue.

His experience in the banking sector helped increase Lagos State's internally generated revenue from a rate of 300 million naira per month to 7 billion naira within eighteen months.

He was popularly referred to as "Mr. Pedronomics", primarily due to his affinity towards micro and macro-economic policies.

Pedro introduced and implemented the PSP and waste management model that is currently used in Lagos.

He was also in charge of conducting extensive research in Brazil with other cabinet members to study and understand the novel metropolitan bus transport system which resulted in the BRT.

2006

On 13 December 2006, Pedro dumped the Action Congress to declare under the Labour Party.

He became the first-ever Nigerian to contest for a gubernatorial election under the Labour Party platform.

2007

On 30 January 2007, Pedro named Oluranti Adebule as his running mate for the 19 April elections.

2010

On 24 September 2010 Pedro declared his intention to run for the 2011 governorship election in Lagos State on the platform of Peoples Democratic Party, PDP.

Pedro lost the PDP's party primaries to Ade Dosunmu.

He was subsequently appointed as executive vice-chairman of the PDP South West Fund Mobilization Team, which was put together by the presidency to lead the PDP efforts to raise substantial funds for elections in the southwest.

2012

The Oba of Lagos publicly and privately encouraged the reconciliation after Tinubu attended the wedding ceremony of Pedro's son in 2012, which was the first time they had been publicly seen together since 2006.

2013

Throughout 2013, indications of reconciliation became evident between Tinubu and Pedro, who had fallen apart in the buildup to the 2007 elections.

In December 2013, Pedro reportedly held a secret meeting with Tinubu, the Rivers State Governor, Rotimi Amaechi, and the interim National Chairman of APC, Chief Bisi Akande, to finalise his move back to APC.

Within a matter of days of the report breaking out, Pedro released a statement confirming the allegations.

2014

Within days of his return to APC, Pedro was appointed as the chairman of the APC Registration Exercise Committee in February 2014 in Ondo State.

2018

On 12 February 2018, he was appointed as the pioneer chairman of the Lagos State Sports Trust Fund.

On 1 March 2018, Pedro was appointed by President Muhammadu Buhari as the chairman of the board of directors of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).