Odu’a Investment Company Limited is presently shopping for credible local and foreign technical investors as partners in its targets sectors of the Nigerian economy.
The conglomerate owned by 0yo,0gun,0sun,0ndo and Ekiti States has also commenced search for long term funds for its companies in the hospitality , agribusiness, real estate, manufacturing, financial services and other blue ocean opportunities.
According to the 8th Group Managing Director of the company, Adewale Raji, “we are mindful of the need for us to attract affordable and long-term capital to fund our initiatives. It is for this reason that we are committed to exploring available options to secure low-cost capital as well as identify and invest in high-growth businesses in target sectors of the Nigerian economy.”
The GMD said the organisation was poised to diversify efforts from monolithic oil economy to agro-allied based enterprises in the face of dwindling effects of global crude oil pricing.
To this end, he hinted that Odu’a is taking a cue from the vacuum of industrial storage for massive agricultural produce by focusing on the agric value chain through collaboration with large commercial farming operators to put it’s existing land bank estimated to be over 50,000 hectares across the owner states into optimal farming and processing enterprises.
While rolling out his achievements within the last one year said the company was working towards stimulating growth and enhanced profitability in its existing subsidiaries in real estate, hospitality, and insurance brokerage.
Speaking in Ibadan to mark his one year in office anchored his management and leadership team spirit on Growth, Profitability and Sustainability (GPS) that the current generation and those yet unborn could treasure, Raji said his five years ‘ambitious plan’ of growing the company’s revenue by 250 per cent had started yielding positive results.
“This is due to the cooperation of the board of directors, management, staff and owner states of Odu’a” he added.
The 0dua GMD announced the successful completion of the Ire Clay and Burnt Bricks project in Ekiti state, saying “I am delighted to share with you the exciting news of the rolling out of the first set of fired bricks on Tuesday June 16, 2015 after about 10 years of the abandonment of the factory closed. It is indeed a big relieve that after many years of toiling and perseverance, we were finally able to see finished blocks roll out from the factory.
“Coming with Ire clay and burnt bricks is a good match in Westlink TodoConstruccion joint venture recently consummated with a Spanish partner. Westlink TodoConstruccion Limited markets highly discernible porcelain and ceramic finishes for floors and walls as well as bathroom, living room and kitchen features” he disclosed.
With the commencement of production, he pointed out, that the company promises to genuinely radicalize the interior finishing stage of building construction in Nigeria.
