Bayo Onanuga Biography, Family, Education, Career And Net Worth



In this piece, chronicles the biography, family, education, career and net worth of Bayo Onanuga.


Bayo Onanuga is a Nigerian journalist. He co-founded TheNews Magazine and was appointed managing director of the News Agency of Nigeria by President Muhammadu Buhari in May 2016.


Preceding that, he was the CEO and editor-in-chief of PM News and TheNEWS magazine.

In 2023, he was appointed as the Special Advisor on Information and Strategy to the President by President Bola Ahmed Tinubu.



Onanuga was born on June 20, 1957 in Ijebu Ode, Ogun State, to the family of the Anikilaya Ruling House. From 1962 to 1969, He was born .


Onanuga is happily married to Toyin Olamide Machado, and they have beautiful kids.



Onanuga went to Muslim College Ijebu Ode and got a Grade One when he was done there in 1974. After working for about a year, he went to Federal Government College, Odogbolu, between 1975 and 1977 to get his A-Level.


In September of 1977, he got into the University of Lagos to study Mass Communication. He got a second class upper when he graduated in 1980.




Early in 1982, Onanuga worked for Practions Partners. In June of that year, he became one of the first employees at Ogun State Television.


In July 1983, he took a job as a sub-editor at The Guardian in Lagos. He left after only 17 months to start Weekly Titbits.

When the plan didn’t work, Onanuga got a job as a senior features writer at the National Concord in January 1985. His work was moved to the African Concord magazine later.


In 1989, Onanuga was the magazine’s international editor. He was based in London. He got the job of editor later that year.

But in April 1992, Onanuga quit Concord because he wouldn’t apologize to General Ibrahim Babangida, the military dictator, for a cover story called “Has Babangida Given Up?” The story caused the junta to shut down the Concord Group.


In 2014, Onanuga said he wanted to run for senator in the Ogun East District in the 2015 general election on the platform of the All Progressives Congress (APC).


During the military rule of Sani Abacha, he was held prisoner in Lagos by the State Security Service for a while. He escaped and left the country, but he came back after Abacha’s death in 1998.



His estimated net worth is over $1 million


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