Olufemi "Femi" Olusegun Pedro was born on 29 January 1955 and is a Nigerian economist and politician who served as deputy governor of Lagos State from 2003 to 2007.
25 Facts About Femi Pedro
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Femi Pedro is the current chairman of the Business and Government Relations Committee at the Chartered Institute of Bankers of Nigeria.
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Femi Pedro was born in Lagos Island to Pa Olajide Pedro, an Aguda retired officer of the defunct Western Nigeria Marketing Board, Ikeja, and Modupe Pedro on 29 January 1955.
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Femi Pedro is a descendant of Pa Sanusi Adeyinka Femi Pedro, whose father settled in the Shomolu area of Lagos before moving to Bamgbose Street in Popo Aguda, Lagos Island.
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Femi Pedro is married to Jumoke Pedro, a High Court judge in Lagos.
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Femi Pedro started his banking career in 1982 when he joined the Central Bank of Nigeria.
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Femi Pedro rose to the post of assistant manager in 1985, and became a research economist.
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Femi Pedro worked at First City Merchant Bank afterwards in 1988, where he became the executive assistant to the bank's chairman and chief executive officer.
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Femi Pedro became the deputy manager and head of corporate planning in the same year.
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Pedro became one of the first investors in Guaranty Trust Bank with Fola Adeola, Tayo Aderinokun, Gbolahan Osibodu, Femi Akingbe, and Akin Opeodu.
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Femi Pedro later took up a senior managerial role at its inception in 1990, and was responsible for opening a multitude of its branches across the southern and northern parts of Nigeria.
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Femi Pedro served in various capacities at the bank until 1997, when he voluntarily retired.
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In January 1998, Femi Pedro ventured into private business as the chairman of Agro-Corp Ventures Limited, a commodity processing company.
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Femi Pedro was popularly referred to as "Mr Pedronomics", primarily due to his affinity towards micro and macro-economic policies.
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Femi Pedro introduced and implemented the PSP and waste management model that is currently used in Lagos.
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Femi Pedro was in charge of conducting extensive research in Brazil with other cabinet members to study and understand the novel metropolitan bus transport system which resulted in the BRT.
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On 13 December 2006, Femi Pedro dumped the Action Congress to declare under the Labour Party.
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Femi Pedro became the first-ever Nigerian to contest for a gubernatorial election under the Labour Party platform.
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On 30 January 2007, Femi Pedro named Oluranti Adebule as his running mate for the 19 April elections.
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On 24 September 2010 Femi Pedro declared his intention to run for the 2011 governorship election in Lagos State on the platform of Peoples Democratic Party, PDP.
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Femi Pedro was appointed as executive vice-chairman of the PDP South West Fund Mobilization Team, which was put together by the presidency to lead the PDP efforts to raise substantial funds for elections in the southwest.
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In December 2013, Femi Pedro reportedly held a secret meeting with Tinubu, the Rivers State Governor, Rotimi Amaechi, and the interim National Chairman of APC, Chief Bisi Akande, to finalise his move back to APC.
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On 1 March 2018, Femi Pedro was appointed by President Muhammadu Buhari as the chairman of the board of directors of the Small and Medium Enterprises Development Agency of Nigeria.
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On 2 October 2022, Femi Pedro was appointed to the Council of the Lagos State Governor's Advisory Council, GAC, the highest decision-making body of the All Progressives Congress in Lagos State, Nigeria.
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On 10 April 2025, Femi Pedro was conferred with an Honorary Doctorate Degree in Business by the Lagos State University at its 28th Convocation Ceremony.