Toyin Ogundipe, returning officer for the state, announced the result of the election on Sunday morning.
Adeleke secured 403, 371 votes to defeat his closest challenger, Gboyega Oyetola of the All Progressives Congress (APC), who polled 375,027 votes.
The PDP candidate won 17 LGAs while the incumbent governor secured victory in 13 LGAs.
Kehinde Atanda of the Action Democratic Party (ADP) placed a distant third with 10,104 votes while Yusuf Lasun of the Labour Party (LP) had 2729 votes.
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