$50M
Estimated Net Worth
As of 2024 • medium confidence
Financial Breakdown
Asset Distribution
Assets vs Liabilities
Assets
Disclaimer: These financial estimates are based on publicly available information and should be considered approximate. Last updated: 12/30/2025
Biography
Introduction: A Defining Figure in Nigerian Politics
Femi Gbajabiamila stands as one of the most influential and enduring figures in Nigeria's Politics & Government landscape of the 21st century. Serving as the Ex-Speaker of the House of Representatives from 2019 to 2023, his tenure marked a significant chapter in the nation's legislative history. A seasoned lawmaker, Femi Gbajabiamila represented the Surulere I federal constituency of Lagos State for an unprecedented six consecutive terms, from 2003 to 2023, establishing himself as a master of parliamentary procedure and a key power broker. His rise to the pinnacle of the legislature was the culmination of decades of political strategy, having previously served as Minority Leader and later Majority Leader of the House. As Speaker, he was instrumental in steering critical national legislation and managing the often complex relationship between the executive and legislative arms of government in Nigeria.
Early Life and Educational Foundation
Olufemi Hakeem Gbajabiamila was born on June 25, 1962, in Lagos, Nigeria, into a family with roots in the Ikorodu area of Lagos State. His early life was shaped in the bustling metropolis of Lagos, where he received his primary and secondary education. The young Femi Gbajabiamila demonstrated academic promise from an early age, setting the stage for a distinguished educational journey that would underpin his future career in law and politics.
Academic Pursuits and Legal Training
Gbajabiamila's quest for knowledge took him abroad for his university education. He attended the University of Lagos briefly before transferring to John Marshall Law School in Atlanta, Georgia, USA, where he earned his Juris Doctor (J.D.) degree. His commitment to legal excellence saw him admitted to the State Bar of Georgia in 1989, making him the first Nigerian to be sworn into the Bar in the state of Georgia. He practiced law successfully in Atlanta for over a decade, specializing in criminal and immigration law. This international legal experience provided him with a unique perspective and a rigorous analytical framework that he would later bring to bear on Nigerian legislative matters. Before his political career fully took off, he also obtained a Master’s degree in Law (LL.M.) from the University of Lagos, further solidifying his expertise.
Political Career and Major Achievements
The political career of Femi Gbajabiamila is a testament to strategic consistency and growing influence within Nigeria's Legislature. His foray into politics began in earnest upon his return to Nigeria, leading to his election to the House of Representatives in 2003 under the banner of the Alliance for Democracy (AD). He would later become a cornerstone of the All Progressives Congress (APC).
Rise Through the Ranks: From Minority to Majority Leader
Gbajabiamila quickly distinguished himself as a vocal and articulate legislator. In 2007, he was elected Minority Leader of the House, a position he held with tenacity, providing robust opposition during the Peoples Democratic Party (PDP) dominance. Following the historic victory of the APC in the 2015 general elections, his role evolved from leading opposition to managing the majority. He was elected House Majority Leader, a critical position where he was responsible for the government's legislative agenda. During this period, Femi Gbajabiamila was pivotal in fostering cooperation between the executive and the legislature under President Muhammadu Buhari, ensuring the passage of key budgets and bills.
Tenure as Speaker of the House (2019-2023)
The apex of his legislative career came on June 11, 2019, when he was elected as the 14th Speaker of the House of Representatives. His speakership was defined by a proactive legislative agenda dubbed the "9th House Legacy Agenda." Key achievements and legislative impacts during his tenure include:
- Legislative Output: Under his leadership, the 9th House passed a record number of bills, including critical legislation like the Deep Offshore and Inland Basin Production Sharing Contract Act (Amendment) Bill, which aimed to increase Nigeria's share of oil revenues.
- Constitutional Review: He presided over a significant constitutional amendment process, advancing bills on financial autonomy for state legislatures and judiciary, and devolution of powers, though not all were ratified by the states.
- COVID-19 Response: He led the House's swift response to the pandemic, facilitating the passage of the Emergency Economic Stimulus Bill and overseeing the investigation of the management of COVID-19 intervention funds.
- Electoral Act (Amendment) Bill 2022: His leadership was crucial in the passage of the landmark Electoral Act Amendment, which introduced significant reforms like electronic transmission of results, reshaping Nigeria's electoral landscape.
- National Budget Cycle: He worked to restore a predictable budget cycle, ensuring earlier passage of annual appropriation bills compared to previous assemblies.
Personal Life, Philanthropy, and Lasting Legacy
Outside the political arena, Femi Gbajabiamila is known as a devoted family man, married to Salamatu Gbajabiamila, with whom he has children. His personal interests are often private, but he is recognized for his deep love for reading and his meticulous approach to issues. His legacy is also shaped by his philanthropic endeavors, primarily through the Femi Gbajabiamila Foundation. This foundation has been active in providing scholarships to indigent students, offering free medical care in his constituency, and supporting various empowerment programs, endearing him to his constituents and contributing to his long electoral success.
Enduring Impact on Nigerian Legislature
The legacy of Femi Gbajabiamila is multifaceted. He will be remembered as a Ex-Speaker who brought stability and a sense of purpose to the House. His deep understanding of parliamentary rules and his ability to build consensus, even across party lines, were hallmarks of his leadership. While his tenure was not without controversy or political battles, his impact on legislative processes and key reforms, particularly in electoral law, is undeniable. In October 2023, following the end of his term as Speaker and his tenure in the House, he was appointed as the Chief of Staff to President Bola Tinubu, transitioning from the legislative to the executive arm and continuing his service at the highest levels of Nigerian government.
Net Worth and Business Ventures
While the precise net worth of Femi Gbajabiamila is not officially declared and often subject to speculation, it is understood that his financial standing stems from a combination of his successful legal career in the United States, his long-term public service salary and allowances, and prudent investments. Unlike some of his peers, he has not been widely associated with large-scale commercial business ventures in the private sector. His financial profile appears to be primarily built on his professional earnings as a lawyer and a legislator. In accordance with Nigerian law, he has submitted asset declarations to the Code of Conduct Bureau, but these documents are not publicly detailed. His lifestyle and public expenditures reflect the stature of a high-ranking public official, with his wealth often attributed to his decades-long career in two of the world's largest democracies.
In conclusion, the journey of Femi Gbajabiamila from a practicing lawyer in Atlanta to the Speaker's chair in Abuja encapsulates a remarkable story of dedication to public service. His strategic mind, legislative acumen, and enduring presence have left an indelible mark on the politics and government of Nigeria, securing his place as a significant architect of the nation's contemporary legislative framework.
Net Worth Analysis
As a long-serving Nigerian politician and former Speaker of the House of Representatives, his wealth is estimated to be in the tens of millions, derived from his career and investments, but he is not listed among Africa's billionaires.
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