LAGOS — Author, industrialist and former chairman of the Petroleum Products Pricing and Regulatory Agency, PPPRA, Chief Rasheed Gbadamosi, is dead. Chief Gbadamosi passed on yesterday evening in his Ikorodu, Lagos home.

Late Rasheed Gbadamosi

He had, according to sources close to the family, been ill for some time, but the ailment took a bad turn Tuesday, leading to his sudden transition last night. He was 73. Earlier in the year, in April, he was said to have suffered a stroke and was flown abroad for medical attention.

An economist, Rasheed shot to limelight, when, at 29, he was appointed Commissioner for Economic Planning in Lagos State under the administration of Brigadier Mobolaji Johnson, then military governor of Lagos, and since then he has served in various regimes as Minister of National Planning and until recently, Chairman, PPPRA.

A patron of the arts and accomplished writer, Gbadamosi, was also the chairman, Ragolis Water Ltd, AIICO Pension Managers, Lucky Fibres Nig. Plc and several other companies.

In  a statement last night, Lagos State Government through Information Commissioner, Steve Ayorinde lamented the loss of Gbadamosi. Ayorinde said the Lagos State Government mourned “the passing of a leading industrialist, art patron, former minister and Co-Chairman of Lagos@50, Chief Rasheed Gbadamosi.

“Chief Gbadamosi will be remembered for being a true Lagosian, a nationalist and art aficionado.

“His remains will be interred at 2pm tomorrow (today),” he said.