Adebayo Adelabu (born September 9, 1970) is a former deputy governor, operations of the Central Bank of Nigeria who is currently serving as the Federal Minister of Power of Nigeria. He was also an Oyo State gubernatorial candidate for the All Progressives Congress in 2019.

Adelabu was born to Aderibigbe Adelabu of Oke-Oluokun compound, Kudeti Area in Ibadan. His grandfather is Adegoke Adelabu. Adelabu attended Ibadan Municipal Government primary school, Agodi Ibadan from 1976 to 1982 and Lagelu Grammar School, Ibadan from 1982 to 1987.

Adelabu received a first-class degree in Accounting from Obafemi Awolowo University, Ile-Ife. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow of Chartered Institute of Bankers of Nigeria, and an Associate Member of the Institute of Directors of Nigeria and the United Kingdom.

Adelabu has also completed professional courses in various business schools, including Harvard, Stanford, Wharton, Columbia, Kellogg’s, Euromoney, and the University of London. He started his career with PriceWaterhouse (now PricewaterhouseCoopers), leading audit and consultancy engagements for banks and financial institutions.

He was on secondment to the Central Bank of Nigeria in 1999, leading the finance team on the CBN re-engineering project 'Project EAGLES'. He left PriceWaterhouse in 2000 to join First Atlantic Bank as Financial Controller and Group Head of Risk Management.

Adelabu was promoted to Chief Inspector of the Bank in 2002 and Group Head of National Public Sector Business in 2003. He later moved to Standard Chartered Bank as the West African Regional Head of Finance and Strategy (Consumer Banking Business) until 2009.

From 2009 to 2014, he served as Executive Director/Chief Financial Officer (CFO) of First Bank of Nigeria. Adebayo was appointed by former President Goodluck Ebele Jonathan in February 2014 as Deputy Governor, Operations of the Central Bank of Nigeria (CBN).

Adelabu serves as the Chairman, Board of Directors of the Nigeria InterBank Settlement Systems (NIBBS) and has chaired the board of Financial Institution Training Centre (FITC). He is also a member of the Board of Federal Inland Revenue Services (FIRS), Nigeria Security Printing and Minting Company (NSPMC), Assets Management Corporation of Nigeria (AMCON), and Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL).

He is a businessman with investments in hospitality, entertainment, agriculture, and real estate, including Bayse One Group of Hotels, Best Western Plus Hotels in Ibadan, and Bayse One Farm.

Adelabu resigned from the Central Bank of Nigeria with the intention of seeking election into the governorship position of Oyo State in 2019. He declared his candidacy on June 20, 2018, and emerged as the APC gubernatorial candidate at the party primaries on September 30, 2018.

On March 9, 2019, Adelabu lost to Oluwaseyi Makinde of the People Democratic Party in the 2019 Oyo gubernatorial election. In 2022, he resigned from the All Progressive Party (APC) and defected to Accord Party after losing the primary election to Teslim Folarin.

He contested for the Governor of Oyo state under the Accord Party after Ayodele Oyajide stepped down. On July 27, 2023, Adelabu was included in President Bola Ahmed Tinubu’s 28-man ministerial nomination. He was made Minister of Power by President Bola Tinubu on August 16, 2023.