Governor Godwin Obaseki Biography – Age, Net Worth, Family & Facts

FULL NAME: Mr. Godwin Nogheghase Obaseki or Godwin Obaseki
NET WORTH : His net worth has not been made known to the public but he is a successful business and has so many landed properties in every corner of the state and outside the state.
DATE OF BIRTH/AGE : Born on July 1, 1957
HOME TOWN : Owina Street, Ogbelaka Quarters, Edo state
OCCUPATION : Politician (Governor of Edo state)
CHILDREN : Blessed with children
PARENTS : Families of Obaseki and Gbinigie
EDUCATION: University of Ibadan, prestigious Ivy League Columbia University and Pace University

This is a rich biography of Godwin Obaseki the present Governor of Edo State . This official biography will talk about his life, profile, background, early life, education, career and everything about the Edo state politician. The biography of the present Governor of Edo State Godwin Obaseki shall be revealing the lesser known facts about the incumbent Government of Edo state.

Godwin Obaseki is no doubt the present Governor of Edo State, he assumed the office since 12 November 2016. Aside that position, he also head other reputable bodies like the Edo State Economic and Strategy Team which was inaugurated by Governor Adams Oshiomole in March 2009— he is currently the pioneering and current Chairman . There is so much to know about him , continue perusing to find out more about him.

Early Life Background And Education

Mr. Godwin Obaseki was born on July 1, 1957 in Benin City, Edo state Nigeria to the famous family of Obaseki and Gbinigie that reside in Owina Street, Ogbelaka Quarters of the state. Obaseki is the third child of Late Pa Roland Obaseki and Madam Stella Gbinigie (MON). He had his primary school education at St. Matthews Anglican Primary School Benin City from there he proceeded to Eghosa Anglican Grammar School, Benin City for his secondary school education. Following the completion of his basic education, he furthered at the great University of Ibadan where he obtained a BA in Classics.

He didn’t draw the curtain there in his education, he later attended the Columbia University and Pace University in New York and has an MBA in Finance and International Business. After completing his university education, he thereafter did his National Youths Service Corps primary assignment in Jos, Plateau state, Nigeria.

Mr. Godwin Obaseki is a Fellow of the Chartered Institute of Stock Brokers, Nigeria and an Alumnus of the Lagos Business School Chief Executive Program. The high profile Nigerian politician from Edo state have been honoured with couple of reputable awards and numerous nominations to his name, one of them is the nomination for Global Leader for Tomorrow (GLT) by the World Economic Forum in 2001.

He has been in politics for donkey years and generally labelled as one of the most humbled and reliable Nigerian politician , but lack the ability to address/control audience during speech and make them listen and follow him.

Mr. Godwin Obaseki Career

Godwin Obaseki ventured into his career over thirty  years ago and has established track records in Investment Banking, Asset Management, Securities Trading and the Public Sector both internationally and in Nigeria. He started out in 1983 with Capital Trust Brokers Limited Lagos as a stockbroker where he excelled and subsequently worked with International Merchant Bank (an affiliate of First Chicago Bank).

Fast forward to the year 1988 , he joined AVC Funds Limited, Lagos where he served as a Project Manager and led the core team that set up two of the new generation banks which eventually reshaped the face of the banking industry in Nigeria. Between 1993 and 1995 he worked in New York as a principal of Equatorial Finance Co, a Financial Advisory firm with a focus on Africa and providing Structured Trade Finance for African related transactions through credit, financial advisory and risk insurance.

He Founded Afrinvest West Africa Limited (formerly Securities Transactions & Trust Company Limited (SecTrust)) in 1995 as the pioneer Managing Director. The firm has since grown to become a leading Investment Banking and Investment Management firm in Nigeria. In 1995 SecTrust was appointed the correspondent stockbroker for Nigeria by the International Finance Corporation (IFC). In 1996, SecTrust established the first derivative product, the Nigerian International Debt Fund (NIDF) on the Nigerian Stock Exchange, which allowed Nigerians invest local savings in US Dollar instrument. This fund has outperformed projections on returns.

SecTrust pioneered and was local adviser on the first global offering by a Nigerian bank through the issuance of Global Depositary Shares (GDS) to raise UD$50 million from the international Capital market. Afrinvest has acted as advisers on some of the largest and most significant transactions in the Nigerian capital market since 2005.

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Afrinvest is one of the most trusted advisory firms in the domestic corporate finance market, pioneering major innovations and providing leadership in the Nigerian Securities market. The Firm has advised on numerous landmark transactions including the first Eurobond Issue by a Sub-Saharan Africa Corporate (outside South Africa); the first ever simultaneous merger and tender offer transaction in Sub-Saharan Africa and the largest ever listing on the Nigerian Stock Exchange. Afrinvest has been ranked as a major Investment Research firm which is at the forefront of playing instrumental roles in the introduction of new financing products such as Eurobonds and Global Depository Receipts to Nigerian Companies. Mr. Obaseki is presently the Chairman of the Board of Directors of the firm which won the Best Asset Management Firm in Nigeria (2014) Award by the Wealth & Finance International Magazine Finance Awards.

Mr.Godwin Obaseki served as the Chairman of the Edo State Government’s Economic and Strategy Team (EST) from March 17, 2009 till September 2016 pro bono publico.

Key achievements as chairman of the economic team of Edo state Government include: Documentation of State Economic Development framework through Sectors’ Strategic Planning which is reviewed and updated on an ongoing basis; Introduction and enculturation of retreats as a platform to ensure all parties engagement not only in planning and executing state development initiatives but also in monitoring and evaluation of outcomes; N25 Billion Infrastructure Development Bond from the Nigerian Capital Market in 2010; $225 Million Concessionary rates Development Loan from the World Bank with the 1st Tranche of $75 Million already accessed; Successfully hosted Sector based Economic Summits and Policy Dialogue Series including the Power Round Table in 2010, 2011 Education Round Table and 2012 Agribusiness Round Table.

These summits have translated in measurable and desired outcomes including:

Azura-Edo IPP project with over $1 billion in FDI currently under development in Ihovbor, Uhunwode LGA
Education Reforms which have translated to significant improvement in Educational Infrastructure and student performance in WAEC and other Exams.

Following the 2012 Agribusiness Summit, the state has attracted investment in the Rubber Sub-sector for the development of the single largest Rubber Plantation project in Nigeria in Sokponba in Orhiomwon LGA under a privately developed and financed initiative;

A framework for Local Economic Empowerment through out-growers schemes is being finalised to attract funding into the development of key crops for which Edo State has natural endowment including Oil Palm, Rubber, Cassava, Cocoa, Rice and other grains.

Other Committee activities in Edo State Government

  • Committee on Micro, Small and Medium Enterprises (MSME) – Chairman
  • Committee on the Implementation of the Law Establishing the Edo State University of Science and Technology, Uzaire – Secretary
  • Land Use Charge Committee – Chairman
  • State Steering Committee on the European Union Assisted Niger-Delta Support programme (NDSP) Component 3 (Development of Edo State Water & Sanitation Policy and Law.
  • Committee on Contributory Pension Scheme – Member
  • Edo SEEFOR/DPO Steering Committee – Member
  • Tax Assessment Review Committee for Edo State Internal Revenue Service (TARC) – Chairman
  • Committee on the Report of the Audit of the Credentials of Teaching Staff in Public Schools in Edo State.

Professionally, Mr. Obaseki has served on the Presidential Committee on the Reform of the Nigerian Pension System. He also served on the Nigerian Securities and Exchange Commission Committee on the Re-activation of the Nigerian Bond Market and the review f the Investment and Securities Act. He served as a member of the Nigerian Stock Exchange Council between 2006 and 2009. He also serves on the board of some companies such as Dorman Long Engineering Limited, Pillar Oil Limited, Seric Impianti International Limited.

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He was the founding secretary of a New York based US Africa Chamber of Commerce in 1992, which promoted US organisations doing business in Africa. He was a Director in Junior Achievement of Nigeria – the local affiliate of the worldwide Not for Profit organisation which trains students to appreciate market economy values.

He also participates actively and serves as Trustee, in the Dr. Jackson Owen Obaseki Foundation, a family owned NGO which is involved in providing free educational and health services to the less privileged.

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