Odu’a Investment targets 102% growth consolidation

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South West state-owned business conglomerate Odu’a Investment Company Limited says it is determined to build on the company’s recent 102% growth at its just-held annual general meeting. to end.

The company’s newly installed chairman, Abimbola Ashiru, said so during an interview in Lagos.

Speaking to reporters on the company’s plan to navigate through the current economic adversity that has crippled many business entities, Ashiru said he believed the company, under his leadership, would look for innovative ways to leverage successes recorded over the past two years.

He said: “I always believe in one thing – making the best of a bad situation. Economic challenges are all over the world, but people will continue to navigate and get it right. Look at Covid, look at how people have become billionaires. Some people sat and thought outside the box to get the most out of it.

“Odu’a is a conglomerate that was competing with the likes of UAC. What happened? It was bad management. The founders of Odu’a had a vision. What I’m trying to say is that economic challenges won’t kill us. If there is fire here today, we must find a way out of this place. It’s my view.

Ashiru also expressed satisfaction with the caliber of board members appointed by South West Governors to oversee the efficient running of the company.

According to him, the character and courage of the current board members will certainly ensure positive results as the company embarks on a new phase following the departure of its outgoing chairman, Dr. Segun Aina.

“I don’t think anything is difficult, it’s just about making the most of it. How do we make the most of what we have? First, we must have a commitment. Second, question of integrity. Integrity is when you do the right thing and no one is watching. If we come to Odu’a with the spirit that we want to serve our people, we will,” he added.

Ashiru further stated that adequate mechanisms would be put in place to ensure that key executives as well as all company personnel adhere to high ethical standards in a bid to safeguard the integrity of the company.

“By the grace of God, in the next four years we are going to change a lot of things, we will go to the individual branches and see, how do you do that? We will just give you one day’s notice so that it is difficult for you to make an emergency turnaround.

Asked about the strategic investments Odu’a was aiming for in the agricultural sector, Ashiru said the company would engage in agriculture that would lead to industrialization, create jobs and contribute significantly to the local economy and national.

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