Major festivals in Ajasse Ipo include:
1. Traditional festivals e.g Egungun festivals, Ogun festival etc
2. Moslem festivals e.g Eid Al-Adha and Eid Al-Fitr celebrations
3. Christianity festivals e.g Christmas, New year and Easter celebrations
4. Ajasse-ipo day and Ita Oba attracts many indegenes to the town and it usually comes up 3 days after ileya (Eid Al-Adha).