Femi Pedro Biography, Education, Career, Controversies, And Net Worth

Maria Olanrewaju | January 12, 2024 | Find It | No Comments

Olufemi “Femi” Olusegun Pedro, born on January 29, 1955, is a Nigerian economist and politician renowned for his role as the deputy governor of Lagos State from 2003 to 2007. Prior to his political career, Pedro co-owned and served as the chief executive officer of First Atlantic Bank, now known as FinBank.

Femi Pedro Profile

Name	Femi Pedro
Real Name	Olufemi “Femi” Olusegun Pedro
Date of Birth	29 January 1955
Age	69 years
State of Origin	Lagos State
Tribe	Yoruba
Nationality	Nigerian
Occupation	Economist and Politician
Religion	Christianity
Marital Status	Married
Net Worth	$4 Million
Copied from	contents101.com

Educational Background

Femi Pedro earned 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).

Career

Femi Pedro’s banking career began in 1982 at the Central Bank of Nigeria. His journey led him to become an associate of the Chartered Institute of Bankers, London. Pedro played a pivotal role in Guaranty Trust Bank’s early days, eventually retiring voluntarily in 1997. His ventures extended to private business, chairing Agro-Corp Ventures Limited and later becoming the managing director and CEO of Comet Merchant Bank (now FinBank).

As the deputy governor of Lagos State, Pedro chaired the Revenue Mobilization committee, significantly increasing the state’s internally generated revenue. His influence extended to waste management models and the introduction of the BRT system after extensive research in Brazil.

Pedro’s gubernatorial run under the Labour Party in 2007 marked a historic event in Nigerian politics. Despite losing the PDP’s party primaries in 2011, Pedro continued contributing to the party’s efforts in the southwest.

In 2013, Femi Pedro reconciled with Bola Tinubu, and he returned to the APC, eventually holding key positions such as chairman of the APC Registration Exercise Committee in Ondo State and chairman of the Lagos State Sports Trust Fund.

Pedro’s political journey continued with his appointment as the chairman of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) board of directors by President Muhammadu Buhari.

Controversies

Throughout Femi Pedro’s political career, his notable switch from the Action Congress to the Labour Party in 2006 marked a significant turning point. Additionally, his return to the All Progressives Congress (APC) in 2013, following a reported secret meeting with influential political figures, sparked discussions within the political landscape.

Femi Pedro, the ex-deputy governor of Lagos state, has distanced himself from a statement suggesting that Nigerians should grant Betta Edu a second chance. This comes as Betta Edu, the suspended minister of humanitarian affairs and poverty alleviation, faces criticism over a leaked memo instructing the transfer of N585 million to a private account.

Femi Pedro Social Media Handles

Femi Pedro is active on social media, he can be found on Instagram@.

Personal Life

Born in Lagos Island to Pa Olajide Pedro and Modupe Pedro, Femi Pedro is a descendant of Pa Sanusi Adeyinka Pedro. He is married to Jumoke Pedro, a High Court judge in Lagos.