Ọlálérè is a Nigerian name of Yoruba origin which means "Wealth is profitable". Its diminutive form is "Lere" and "Ola". It originated from Southwest Nigeria.
Notable people bearing the name Patrick Olalere, (1972-) Nigerian football manager Owolabi Olakulehin (1935-2025) (Akinloye Olalere Owolabi Olakulehin), Nigerian monarch Lere Oyewumi (1960-) (Kamorudeen Olalere Oyewumi), politician Lere Paimo (1939-) Nigerian actor