Peter Obi Net Worth

Background and career

Peter Onwubuasi Gregory Obi (born 19 July 1961) is a Nigerian politician and businessman who served as the governor of Anambra State from 17 March 2006 until his impeachment on 2 November 2006. Reinstated on 9 February 2007, he continued his tenure until 2010, when he was re-elected for a second term, which ended on 7 March 2014. On October 7, 2014, he defected from the All Progressives Grand Alliance (APGA) and joined the Peoples Democratic Party (PDP). On October 13, 2018, former Vice President Atiku Abubakar picked Obi as his running mate ahead of the 2019 presidential election on the PDP platform but lost to late Muhammadu Buhari of the All Progressives Congress (APC).

In 2023, Obi emerged as the presidential candidate for the Labour Party (LP), and in 2026, he defected to the African Democratic Congress (ADC). He dumped the ADC to join the Nigeria Democratic Congress (NDC), and he is contesting the 2027 presidential election under the Nigeria Democratic Congress.

Born in Onitsha, Anambra State, Nigeria, Obi attended Christ the King College in Onitsha and University of Nigeria in Nsukka for his secondary and tertiary education, respectively. He worked as a banker before becoming a full-time politician following his contest in the 2003 Anambra State gubernatorial election under APGA. He was defeated by Chris Ngige but Ngige's victory was later annulled by the court, hence declared Obi as the winner.

He started his administration on 17 March 2006. He was removed from office by the State Assembly on 3 November 2006, citing "Gross misconduct". His deputy, Virginia Etiaba, replaced him as the first female governor in Nigeria. Obi was restored to office after a court ruling, and he resumed office on 9 February 2007. On 17 March 2010, he was re-elected for a second tenure, which ended on 17 March 2014 when he passed power to the governor-elect, Willie Obiano.

Obi defected to Labour Party in 2022. Patrick Utomi surrendered his presidential ticket for him during the party's primary election nomination. He selected Yusuf Datti Baba-Ahmed as his vice presidential candidate for the 2023 Nigerian presidential election, however they lost the election to president and vice president Bola Tinubu and Kashim Shettima. Obi's presidential campaign has been described as populist, energizing a group of supporters called "Obidients" and "the Village Movement". However, on 2 May 2026, he resigned from the African Democratic Congress. On 29 May 2026, he was ratified as the presidential candidate of the NDC for the 2027 general elections. On the same day, former governor of Kano State Rabiu Kwankwaso was ratified as his running mate.