5 Yoruba Politicians with Huge Businesses
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Business - June 22, 2023

5 Yoruba Politicians with Huge Businesses

In the dynamic world of Yoruba politics and business, there are some notable individuals who have wielded their influence both as politicians and successful entrepreneurs. These Yoruba politicians have not only left an indelible mark on the political landscape but have also built sprawling business empires that have transformed industries and contributed to the economic growth of their nation. 

It’s truly impressive how they’ve managed to navigate and succeed in these two interconnected spheres. Let’s delve into the lives and achievements of these remarkable Yoruba politicians with huge businesses. 

Seyi Makinde

When discussing Yoruba politicians with thriving businesses, one name that stands out is the engineer and a subject matter expert on fluid and gas metering,Seyi Abiodun Makinde. Seyi Makinde, the Governor of Oyo State in Nigeria has established himself as a successful businessman through his ownership of Makon Group Limited, a certified international organisation with business interests in the Oil and Gas Facilities, Upstream/Midstream Operations, Refined Petroleum and Specialty Products Supply, Power Generation and Distribution services.

He established his first business, Makon Engineering and Technical Services Limited (METS) in 1997 after earning years of work experience with international oil and gas companies before he joined politics in 2007 when he contested for the Oyo South Senatorial seat under the platform of the All Nigeria Peoples Party (ANPP). Makinde is a member of national and international professional bodies notably: Nigerian Society of Engineers (NSE), Council for Regulations of Engineering in Nigeria (COREN), Oil and Gas Design Engineers of Nigeria (OGDEN), amongst others.

Olusegun Obasanjo

Former Nigerian president Olusegun Aremu Obasanjo, a prominent Yoruba politician, has left a lasting impact on Nigerian politics and the business world. Having served as Nigeria’s President for two terms, Obasanjo demonstrated exceptional leadership skills and a deep understanding of governance. 

However, his influence extends beyond politics. Obasanjo’s political career spans several decades, marked by his ability to adapt and thrive in changing political landscapes. After leaving office, Obasanjo chose to channel his energy into agriculture, a sector of immense importance in Nigeria. He established the Obasanjo Farms Nigeria Limited, focusing on agricultural production and development. Through his farm, he promoted sustainable farming practices, introduced modern technologies, and provided employment opportunities in rural areas.

Akin Alabi

Oloye Akin Alabi, a prominent Yoruba politician and entrepreneur, has made notable contributions in both the political and business realms. Akin Alabi’s journey began as a successful entrepreneur before venturing into politics. He is the founder of NairaBET, one of Nigeria’s leading sports betting companies.

Akin Alabi started his business career in 2003 writing and selling books, manuals and other information products and later went on to build many other businesses from scratch. In addition to his business accomplishments, Akin Alabi entered politics and was elected as a member of the House of Representatives in Nigeria under the ruling All Progressives Congress (APC). He is also founder of Akin Alabi Foundation, a non-governmental, not for profit outfit, aimed at improving the well-being of the average Nigerian.

Shina Peller

As the son of the legendary Nigerian magician, Professor Peller, Shina Abiola Peller inherited a legacy of entertainment and showmanship. He channeled his entrepreneurial spirit into the entertainment industry and founded the popular nightclub, Quilox. Quilox quickly became a renowned hotspot, attracting celebrities and high-profile individuals.

Beyond his business success, Shina Peller has also ventured into politics. He contested and won a seat in the House of Representatives, representing the Iseyin/Itesiwaju/Kajola/Iwajowa Federal Constituency in Oyo State, Nigeria. He is currently running for the Nigerian Senate under the umbrella of Accord Party.

Adebayo Adelabu

Adebayo Adelabu’s entrepreneurial journey began in the banking industry, where he attained remarkable success. He held executive positions in prominent Nigerian banks, including being the Deputy Governor of the Central Bank of Nigeria.

In addition to his accomplishments in banking, Adelabu ventured into politics, Adelabu resigned from Central Bank Nigeria with the intention of seeking election into the governorship position of Oyo State in 2019. 

Adelabu is not only a businessman but also a prominent investor with diverse interests in the hospitality, entertainment, agriculture, and real estate sectors. He holds the position of Group Chairman in Bayse One Group of Hotels, overseeing the operations of prestigious establishments like the Best Western Plus Hotels in Ibadan. Additionally, he is actively involved in Bayse One Farm, further demonstrating his commitment to the agricultural industry.

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