Adegboyega Isiaka Oyetola is a Nigerian politician currently serving as Minister of Marine and Blue Economy, having previously been Governor of Osun State from 2018 to 2022. His career spans insurance, business, and public service under the All Progressives Congress (APC).
Profile Summary
| Full Name | Adegboyega Isiaka Oyetola |
| Date of Birth | 29 September 1954 |
| Place of Birth | Iragbiji, Osun State |
| Nationality | Nigerian |
| State of Origin | Osun |
| Partner | Kafayat Olaitan Oyetola |
| Children | 4 (3 daughters, 1 son) |
| Occupations | Politician, Insurance Executive, Minister |
| Net Worth | ~$1.5 million (est.) |
Early Life and Education
Adegboyega Isiaka Oyetola, commonly known as Gboyega Oyetola, was born on September 29, 1954, in Iragbiji, Boripe Local Government Area, Osun State.
Oyetola attended Ifeoluwa Grammar School in Osogbo, finishing in 1972.
He earned a BSc in Insurance in 1978 and an MBA in 1990 from the University of Lagos, along with associate membership in the Chartered Insurance Institute.
During his NYSC service in Potiskum, Yobe State from 1978-1979, he worked as a lecturer at a staff training center. This foundation paved the way for his transition from insurance into administration and politics.
Career
Oyetola launched his professional life in insurance as area manager at Leadway Assurance (1980-1987), advanced to underwriting manager at Crusader Insurance (1987-1990), and served as technical controller at Alliance and General Insurance (1990-1991).
In 1991, he founded Silvertrust Insurance Brokers Limited, acting as managing director until 2011, while also functioning as executive vice chairman of Paragon Group of Companies (2005-2011), chairman of Ebony Properties Limited, and a director at Pyramid Securities Ltd until 2011.
Transitioning to public service, he became Chief of Staff to Osun State Governor Rauf Aregbesola from 2011, a role that positioned him for politics. He secured the APC gubernatorial ticket in July 2018, won the September election, and was sworn in on November 27, 2018, despite tribunal challenges that were later overturned on appeal, allowing him to serve fully until November 2022.
In August 2023, President Tinubu appointed him Honourable Minister of Marine and Blue Economy, where he has driven initiatives for port efficiency, maritime development, and the blue economy under the Renewed Hope Agenda, continuing actively as of 2026.
Personal Life
Oyetola is married to Kafayat Olaitan Oyetola, whom he met in Kaduna; the couple has four children; three daughters and one son, plus grandchildren. His wife runs the Ilerioluwa Development Initiative to aid women and children. The family keeps a modest public presence centered on charitable efforts.
Controversies
His 2018 election win was initially nullified by a tribunal but restored on appeal. The Pandora Papers linked him to an offshore company that purchased a London property from fugitive Kola Aluko below market value, involving tax havens.
Lately, he faces claims of diverting N50 billion in local government funds and $20 million fraud allegations from his successor Ademola Adeleke, which his supporters call politically motivated.
Net Worth
Oyetola’s wealth is estimated at about $1.5 million, drawn from business and political roles, though no official confirmation exists. No fresh 2026 estimates are available; his assets mainly trace back to insurance enterprises and public service.
