Femi Otedola is a name synonymous with entrepreneurship, philanthropy, and success. As a Nigerian businessman with interests spanning various industries, his impact is felt in Nigeria and globally.
In this Femi Otedola biography, we explore his early life, career achievements, family, and the milestones that have solidified his legacy as one of Africa’s most influential figures.
Table of Contents
Femi Otedola Biography: Age, Family, Career, and Net Worth 2025
Femi Otedola Biography/ Who is Femi Otedola?
Femi Otedola Early Life and Background
Femi Otedola Awards and Achievements
Femi Otedola Social Media Presence
10 Important Facts About Femi Otedola
Femi Otedola Biography/ Who is Femi Otedola?
Olufemi Peter Otedola, born on 4th November 1962, is a Nigerian businessman, investor, and philanthropist. Known for his exceptional business acumen, he is the former Chairman of Forte Oil PLC and the current Executive Chairman of Geregu Power PLC. Mr. Otedola’s ventures span diverse sectors, including oil and gas, power generation, real estate, and finance. His entrepreneurial spirit and relentless drive have earned him a prominent place among Africa’s wealthiest individuals, alongside the likes of Aliko Dangote.
Femi Otedola Early Life and Background
Born in Ibadan, Oyo State, Olufemi Peter Otedola grew up in a family with a rich legacy of leadership and service. His father, Sir Michael Otedola, served as the Governor of Lagos State from 1992 to 1993. His mother, Lady Doja Otedola, played a pivotal role in his upbringing. Femi’s early life was shaped by discipline, hard work, and a natural flair for business.
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He attended Olivet Baptist High School, where he demonstrated an early interest in understanding industries. This curiosity laid the groundwork for a career that would span decades and transform sectors.
Femi Otedola Education
In 1985, Femi Otedola graduated from Obafemi Awolowo University in Ile-Ife, Osun State, Nigeria. His education provided him with the foundation to pursue a career marked by innovation and strategic thinking. Despite his formal education, Otedola’s hands-on approach to business has been instrumental in his success.
Femi Otedola Family
Femi Otedola’s personal life is as vibrant as his career. He married Nana Otedola, with whom he shares four children:
- Tolani Otedola, his first daughter, a talented singer born to him and his former partner, Olayinka Odukoya.
- Florence Ifeoluwa Otedola, popularly known as DJ Cuppy, a DJ, music producer, and tourism ambassador for Nigeria.
- Temi Otedola, also known as Elizabeth Temi, is an actress, fashion blogger, and aspiring designer.
- Fewa Otedola, his only son, who inspires many with his story of resilience.
The Otedola family is known for their close bond and shared love for philanthropy. From celebrating milestones together to gifting luxury cars like the Ferrari Portofino to his daughters, Femi Otedola often captures the public’s admiration.
Femi Otedola Career
The journey of Femi Otedola’s career is nothing short of remarkable. He began as the founder and chief executive of Zenon Petroleum and Gas Ltd, a key player in Nigeria’s downstream oil and gas sector. Over the years, he expanded his business empire to include:
- African Petroleum, where he served as Chairman.
- Forte Oil PLC (now Adrova PLC), which he transformed into a leading energy solutions provider.
- Geregu Power PLC is a pioneer in Nigeria’s power generation industry.
His portfolio also includes leadership roles in companies like Atlas Shipping Agency, Centreforce Ltd, and SeaForce Shipping Company Ltd. Beyond business, Otedola’s focus on philanthropy led to the creation of the Femi Otedola Foundation, which supports education, healthcare, and disaster relief initiatives.
Femi Otedola Awards and Achievements
Femi Otedola has received numerous accolades for his contributions to business and philanthropy. Some of his notable awards include:
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- The Officer of the Order of the Niger (OON) national honor.
- Businessman of the Year by Vanguard Newspapers.
- Entrepreneur of the Year by ThisDay Newspapers.
Under his leadership, Geregu Power Plant became a trailblazer in Nigeria’s energy sector, contributing significantly to the nation’s power supply.
Femi Otedola Controversies
Like many public figures, Otedola has faced his share of controversies. One notable incident involved allegations of bribery related to Farouk Lawan and Boniface Emenalo. Despite these challenges, he has maintained his focus on innovation and philanthropy, earning respect for his resilience and integrity.
Femi Otedola Net Worth
As of 2025, Femi Otedola’s net worth is estimated to be between $1.6 billion and $1.8 billion. His wealth is derived from diverse sources, including stakes in Geregu Power, Forte Oil, and other ventures. His investments span real estate in Lagos, Dubai, London, and South Africa, among other locations.
Femi Otedola Social Media Presence
Otedola’s active presence on social media allows him to connect with his audience and share insights into his life. He shares moments from his travels, family life, and philanthropic endeavors on Instagram. Follow him at:
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- Instagram: @femiotedola
- Twitter: @realfemiotedola
- Facebook: Femi Otedola Official
10 Important Facts About Femi Otedola
- Born on 4th November 1962 in Ibadan, Oyo State.
- Son of Sir Michael Otedola, former Lagos State Governor.
- Graduated from Obafemi Awolowo University in 1985.
- Founder of Zenon Petroleum and Gas Ltd.
- Former Chairman of Forte Oil PLC and African Petroleum.
- Current Executive Chairman of Geregu Power PLC.
- Father to Tolani Otedola, Florence Ifeoluwa Otedola (DJ Cuppy), Temi Otedola, and Fewa Otedola.
- Recognized with awards such as Officer of the Order of the Niger (OON).
- Founder of the Femi Otedola Foundation.
- Estimated net worth of $1.6 billion to $1.8 billion.
Conclusion
Femi Otedola’s journey from a young entrepreneur in Ibadan to a global business mogul is a testament to his vision, resilience, and determination. His impact continues to resonate across industries and generations, whether through his innovative ventures like Geregu Power or his philanthropic contributions via the Femi Otedola Foundation. This Femi Otedola biography celebrates his achievements and the enduring legacy of a true African icon.