Lagos State Governor, Babajide Olusola Sanwo-Olu, has called on other governors in the Southwest States who are in charge of Odu’a Investment Company to invest massively in Agricultural development, including storage and processing for the survival and revitalization of the region.
Sanwo-Olu made this call at the 45th Anniversary Lecture of Odu’a Investment Company held at the Airport Hotel Ikeja, noting that the move is essential to realign with the intent of the founding fathers for the growth and development of the South Western region in the face of contemporary challenges.
Odu’a Investment Company Limited was incorporated in July, 1976 as a strategic investment and asset management firm to hold and manage the industrial and commercial assets of companies owned by the Western State of Nigeria, now Oyo, Ogun, Ondo, Osun and Ekiti States.
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The governor who was represented by his Deputy, Dr Kadri Obafemi Hamzat, congratulates the management of Odu’a Investment Company for maintaining the company for 45 years, adding that the future beacons on all and that they all have a responsibility to accelerate the process of transforming the vision of the company to make it better.
He described the theme of the anniversary lecture, “Odu’a Investment: Transforming from a Regional Player to a Global Powerhouse” as very apt and extremely important as all hands must be on deck to scale up and lift the company to a global powerhouse which all states in the region must leverage on.
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Dr Seguin Aina, Group Chairman’s Odu’a Investment Company Limited in his address said that the company plans to dilute ownership in some of its investments where it currently has 100% ownership, by seeking partners that will provide capital and technical expertise to run the businesses.
The chairman went on to explain that the company’s new investment initiatives will now target eight selected sectors of the economy which include Real Estate, Hospitality, Healthcare, Agriculture, Transportation, Logistics, ICT and Digital, Energy and Financial Services.
