Professor Olufemi Peters is presently the Vice-Chancellor of the National Open University of Nigeria, NOUN. He holds a B.Sc. in Chemistry; M.Sc and Ph.D in Polymer science and Technology. He worked at the Ahmadu Bello University, Zaria, Nigeria for over 20 years before joining the National Open University of Nigeria in 2003. He was at one time visiting Professor of Chemistry, University of Lagos, Nigeria.

A Professor in Chemistry, Prof. Peters has held various leadership positions in NOUN such as Dean, School of Science, Director of Examination and Assessment, Director of Academic Planning and Deputy Vice-Chancellor, Academics. From 2014 to 2018, he was also the Chief Executive of the Nigerian Stored Products Research Institute, Ilorin, Nigeria. Professor Peters has also served as a member of many educational accreditation panels including the Interim Joint Matriculation Board for advanced level  programmes; National Commission for Colleges of Education; National Board for Technical Education for Polytechnics, and National Universities Commission. He served as member and chairman of a number of committees for the Standards Organisation of Nigeria (SON) and the Raw Materials Research and Development Council, (RMRDC) respectively, in Nigeria.

Professor Peters has served as Lead Consultant to the Commonwealth of Learning, Vancouver, Canada through which he respectively led-facilitated at four African Universities and ten Nigerian Universities on Policy Formulations; Quality Assurance; and Dual-mode transitioning. He led several study teams from NOUN to ODL Institutions such as, the University of South Africa, International College Group and Western Cape Learning Centre (Parrow), Cape Town, Indira Ghandi National Open University, New Delhi, National Institute for Open Schooling (NIOS), India and the University of London.

Professor Olufemi Peters is a Fellow of the Chemical Society of Nigeria and first Vice President of the African Council for Distance Education (ACDE).