Chief (Mrs) Elizabeth Folasade Odunayo was born in Lagos State into the family of Late Mr and Mrs Ajibogun of Ilaro in the year 1962, she went to W.J. David Memorial Baptist School, Marina in 1969 to 1975, then proceeded to lagos Secondary Commercial Academy Obanikoro, Ilupeju, Lagos between 1975 to 1979, then proceeded to Okeho Iganna Grammar School, Oyo State to complete her secondary education. She worked as an Accounting Clerk at Livestock Department, Ministry of Agriculture, Idi-ishin in 1981 and later worked as a Statistical assistant at Federal Office of Statistics now known as National Bureau of Statistics where she was trained as a statistician through the in-service training. She got married to Mr A.O Odunayo in the year 1984. She obtained her OND Certificate in Mathematics/Statistics between 1991 to 1994.
She obtained her Teacherís grade 2 Certificate and NCE at NTI Distance Learning Satellite Campus Apata, Ibadan. Chief (Mrs) Odunayo also obtained a certificate in Nursery Education at the University of Ibadan in 1996. She was conferred with the title of Iya Ewe Akomolede ati Asa of Ibadan land in 2000. She was born a C&S and still a member till date. She is blessed with beautiful children and wonderful grandchildren.