O’dua Investment Business Constrained is undergoing restructuring to enhance its effectiveness, reach sustainable progress, and completely transform into a entire world-class conglomerate in no distant time. The Group Chairman of the organization, Segun Aina, OFR, disclosed this at the 45th Anniversary commemorative lecture held on Friday, November12, 2021 in Lagos. The topic of lecture is: ‘From Regional Participant to International PowerHouse”.
Mr Aina reported that the enterprise, owned by the 6 South-West states of Oyo, Ondo, Ogun, Osun, Ekiti and Lagos, aimed at emerging a environment-class conglomerate in no distant foreseeable future.
“Odu’a Financial investment Company Confined is getting remodeled into a lean, non-running financial investment holding organization to boost transparency, concentrate on financial investment administration and sustainability, traverse a path of maximum impression, and leverage on the types we have found good results in comparable institutions throughout the globe.
“We have redefined our vision to a single that captures our ambition properly, which is, to be a planet-course conglomerate, and a mission to produce sustainable returns for all stakeholders enhancing the legacy for long run generations,” he claimed.
Mr Aina claimed the up coming four several years would be the foundation many years for the conglomerate to transform into an affect-driven corporation.
“Our targets for Odu’a financial commitment in excess of the subsequent 4 decades are audacious in conditions of social impression, expansion in revenue, and returns on belongings with a variety of assets optimization programmes prepared.
The Group Chairman disclosed that the firm planned to variety its portfolio of belongings further than genuine estate and other subsidiaries and associates noting that the new financial commitment initiatives of the corporation would goal chosen sectors of the economic climate, which include health care, transportation and logistics, ICT, strength and monetary expert services.
“We have the strategic intent to dilute ownership in some of the investments the place we now have 100 per cent ownership though restricting our shareholding in new ventures to minority holdings as may possibly be important. We are also searching for associates that will supply funds and technical abilities to run these companies,” he mentioned.
According to him, the business strategies to renovate Wemabod Estate, its actual estate organization, into a top actual estate enhancement firm. Odu’a experienced outlined options to also renovate its inns into environment-class destinations, driven by partnerships and worldwide manufacturers.
He said that Odu’a has set up new outfits recognized as South West Agriculture Corporation Minimal (SWAgco), Bita Exploration and Generation Constrained, South West Innovation and Technological know-how Confined (SWIT), among the other people, to develop positions and develop the financial system of the South-West location.
“SwagCo, our agriculture investment decision car, is primed to produce a pool of hundreds of 1000’s of farmers and agro-prenuers across the states.
”SWIT will drive our strategic partnerships, investment, and pursuits in the technological innovation and electronic room by means of investment decision in Techhubs, FinTechs and other ICT enterprise, thus producing substantial work, a new crop of techpreneurs and wealth as we also established out to help the growth of a digital financial system in the South West,” he mentioned.
He counseled the owner states for their reliable assist for the corporation, urging them to go on to assistance the corporation to realize its new eyesight.
In his speech, Adewale Raji, the Team Handling Director of the company, stated the conglomerate was repositioning to satisfy its function as each an expense motor vehicle and a progress motor of the South-West.
He mentioned the enterprise was discovering several choices, such as setting up new businesses to improve its functions and add price to the financial system.
Mr Raji claimed that the rich heritage that O’dua Expense experienced preserved in excess of the a long time was value celebrating. “One of the examples is our location for today’s occasion, the Lagos Airport Resort, which will be 80 a long time aged future 12 months, and is one particular of the oldest surviving resorts in Nigeria.
“This for us, like several of the other property in our custody, is not just an investment decision, but signifies a section of our collective history,” he mentioned.
A management qualified and a previous Region Manager of Accenture, Dotun Sulaiman, MFR, who gave the anniversary lecture, reported O’dua financial investment was a treasure inherited from previous leaders of the South-West location and that there was the have to have to reposition it and choose it to bigger heights.
He urged the organization to emphasis on its areas of toughness and foray into emerging but worthwhile sectors of the financial state.
The expert stated the corporation experienced skipped many financial commitment options in practical sectors like telecommunication, vitality, and Fintech in the previous but that it was not far too late to take into account people locations.
“The Western Region recorded numerous firsts quite a few a long time back, but where are we nowadays? Though we have yielded grounds, hope is not lost. If we begin to do the ideal thing with our inherited treasure with O’dua Expense Business, we will absolutely attain a great deal,” he stated.
Governor Babajide Sanwo-Olu, stated there was the have to have for the enterprise to explore new regions of options in the economic climate.
Represented by his deputy, Obafemi Hazmat, Mr Sanwo-Olu urged the firm to look at investments in agricultural storage and processing to tap the possibilities in those people locations.
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