The Group Chairman Odu’a Investment Company Limited, Dr Segun Aina has disclosed that the conglomerate board had created new strategic business units, and entered into joint ventures and alliances.
Dr Aina made this known while speaking during a business interactive webinar session with business leaders of focusing on emerging business opportunities within the Odu’a Group and the driver for partnership and business alliances.
The Odu’a Investment Group Chairman stressed that Odu’a board has completed a corporate restructuring of the company with initiation of strategies to grow its revenue and assets, adding that the company planned new key investment opportunities which span the technology, financial services, healthcare, oil and gas sectors.
“We won the Bita Oil & Gas marginal field, and are finalising partnerships with investors for Capex. We have set up the Southwest Agricultural Company to focus on agriculture and the South-West Innovation & Tech Company Incorporated for fintech”, he said.
Dr Aina added, “we also have made hospitality partnerships in the Lagos Airport Hotel & Western Hotels, Real Estate Asset Leveraging (Wemabod & OICL), and created a facility management company as Wemabod Subsidiary. We plan to dilute equity in existing subsidiaries of the company.”
A Senior Partner at KPMG,Chief Joseph Tegbe in a presentation titled ‘Setting the tone for OICL’, urged participants that the consulting firm carried out a strategic health check which revealed some issues that warranted redefining the company’s aspirations.
Chief Tegbe stressed that the governors of the South-Western states as shareholders in Odu’a Investment decided to strengthen the company’s board and governance structure, saying“the Sweat, Revive and Create was then crafted to galvanise the group for transformation and taking advantage of the opportunities within the Nigerian economic landscape.”
The Governor of Lagos State, Mr Babajide Sanwo-Olu, represented by his Special Adviser on Sustainable Development Goals and Investments, Mrs Solape Hammond, the governor expressed his satisfaction with the structural repositioning of the company.
ENDS.
