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BUSINESS NEWS: Odu’a Investment eyes 102% growth consolidation

BUSINESS NEWS: Odu’a Investment eyes 102% growth consolidation

Publish date: 2022-07-04 23:12:24 | Author: Edidiong Ikpoto | Source:

The Southwest states-owned business conglomerate, Odu’a Investment Company Limited says it is determined build on the recent 102 per cent growth posted by the company during its just concluded Annual General Meeting.

The newly installed Chairman of the company, Abimbola Ashiru, stated this during an interview in Lagos.

Speaking with journalists on the company’s plan to navigate through the current economic adversity crippling many business entities, Ashiru projected confidence that the firm, under his leadership, would seek innovative ways to build on the successes recorded during the last two years.

He said, “I always believe in one thing – making the best out of a bad situation. Economic challenges are all over the world, but people will still navigate and get things done properly. Look at Covid, look at how people became billionaires. Some people sat down, and thought outside of the box on how to make the best 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 the economic challenges will not kill us. If there is fire here today, we must look for a way of getting out of this place. That is my vision.”

Ashiru also expressed satisfaction in the calibre of board members appointed by the South-West governors to oversee the efficient running of the company.

According to him, the character and mettle of the current board members will definitely guarantee positive results as the firm begins a new phase following the departure of its immediate past Chairman, Dr. Segun Aina.

“I don’t think anything is difficult, it’s just making the best out of it. How do we make the best out of what we have? First of all, we need to have commitment. Secondly, issue of integrity. Integrity is when you’re doing the right thing and nobody is watching you. If we come to Odu’a with the mind that we want to serve our people, we will do it,” he added.

Ashiru stated further that adequate machinery would be put in place to ensure that the principal officers as well as the entire workforce of the company adhere to strict ethical standards in a bid to preserve the integrity of the company.

“By God’s grace, in the next four years, we are going to change many things, we will go to individual subsidiaries and see, how are you doing this? We will just give you one day’s notice so that it will be difficult for you to do an emergency turnaround.”

Asked what strategic investments Odu’a was targeting in the agric sector, Ashiru said the company would engage in agriculture that would lead to industrialisation, create employment, and contribute significantly to the local and national economy.

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