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Rasheed Gbadamosi dies aged 72



Rasheed Gbadamosi was an influential figure in Lagos

Rasheed Gbadamosi was an influential figure in Lagos

Foremost industrialist and Co-Chairman, Lagos @50 Planning Committee, Chief Rasheed Gbadamosi is dead. He died at the age of 72.

Lagos State Commissioner for Information and Strategy, Steve Ayorinde announced the death of Gbadamosi on Wednesday night on his twitter handle @stevoree.

Ayorinde said “the Lagos State Government mourned the passing of a leading industrialist, art patron, former minister and Co-Chairman of [email protected], Chief Rasheed Gbadamosi, 72.

“Chief Gbadamosi will be remembered for being a true Lagosian, a nationalist and art aficionado. His remains will be interred at 2pm tomorrow.”


Chief Press Secretary to the Lagos State Governor, Habib Aruna also confirmed the death of Gbadamosi, saying he died in Nigeria.

Gbadamosi had been suffering from multiple strokes since last year and had recently gone abroad for medical treatment.

Gbadamosi, former chairman, Bank of Industry, and one-time Director, National Sports Lottery Plc was named co-chairman of Lagos @50 Planning Committee and long with Nobel Laureate, Prof. Wole Soyinka by Governor Akinwunmi Ambode last year.

He was a former chairman, Petroleum Products Prices Regulatory Agency, PPPRA and a one-time minister.


Gbadamosi, economist, industrialist and former minister was an accomplished man. A scion of a successful industrialist, Gadamosi had wanted to be a doctor, but his persuasive father chose economic discipline for him for the purpose of continuity of the old man’s company.

Chief Gbadamosi, was also the chairman, Ragolis Water Ltd, AIICO Pension Managers, Lucky Fibres Nig. Plc and several other companies.

Culled from PM News

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