Rashidi Adewolu Ladoja is a well-known Nigerian politician, businessman, and respected traditional chief, best known for serving as the Governor of Oyo State. With a career spanning business, politics, and royal leadership, Ladoja remains one of Ibadan’s most influential figures.

Early Life & Education

Rashidi Ladoja was born on September 25, 1944, in the Gambari area of Ibadan, Oyo State. He began his academic journey at Ibadan Boys’ High School (1958–1963) before attending Olivet Baptist High School in Oyo (1964–1965).

In pursuit of higher education, he traveled abroad to Belgium, where he obtained a degree in Chemical Engineeringfrom the University of Liège in 1972. This foundation in engineering later shaped his disciplined approach to business and governance.

Business Career

After returning to Nigeria, Ladoja worked with Total Nigeria, one of the country’s leading oil companies. He served the company for over a decade, holding various top management positions until his retirement in 1985.

Following his corporate career, Ladoja delved into entrepreneurship, investing in diverse sectors including:

• Shipping and transportation

• Manufacturing and agriculture

• Banking and finance
  He also held a Board of Directors seat at Standard Trust Bank, further cementing his place in Nigeria’s business elite.

Political Career

In 2003, Ladoja contested and won the governorship seat of Oyo State under the People’s Democratic Party (PDP). His time as governor focused on:

• Educational reforms

• Urban development projects

• Agricultural revitalization

However, in January 2006, he was controversially impeached by the State House of Assembly, allegedly due to internal party disagreements. After a legal battle, the Supreme Court reinstated him in December 2006, allowing him to complete his tenure until May 2007.

Though he never returned as governor, he remained politically relevant in Oyo State and beyond.

Traditional Leadership Role

In 2024, Rashidi Ladoja accepted the chieftaincy title of Otun Olubadan of Ibadanland, a high-ranking traditional position. Following the death of the 43rd Olubadan in July 2025, Ladoja is now next in line to become the 44th Olubadan of Ibadan, a role that commands immense cultural significance.

Legal & Political Controversies

In 2008, the EFCC (Economic and Financial Crimes Commission) arrested Ladoja over allegations related to the diversion of government funds during his tenure. He was later granted bail. Despite the legal drama, Ladoja has continued to maintain a strong public image.

Net Worth & Assets (2025 Estimate)

While Rashidi Ladoja’s exact net worth remains unconfirmed, estimates place it around $80 million (approx. ₦120 billion). His wealth reportedly stems from:

• Real estate holdings in Nigeria and abroad

• Profitable investments in agriculture, transport, and oil

• Multiple business ventures under private ownership

His low-key lifestyle often hides the extent of his financial empire, making him one of the wealthiest traditional leaders in Nigeria.

Personal Life

Ladoja is married and a proud father. He is deeply respected in Ibadan for his humility, philanthropy, and dedication to community development. Even after leaving political office, he remains active in both business and traditional affairs.

Legacy

Whether as governor, businessman, or traditional ruler, Rashidi Ladoja’s legacy is one of resilience, service, and leadership. His journey from engineering to politics and royalty showcases the strength of vision and community commitment.

As he prepares to ascend the throne as the next Olubadan of Ibadanland, his influence is set to grow even more — from the seat of power to the heart of culture.