Foreign

We are repositioning Odu’a Investment as tool for economic growth in S’west – Mimiko

Governors of the Odu’a Investment owner States rose from a meeting in Ibadan on Tuesday resolving on a five year plan to raise the revenue base of the conglomerate.

Reading the communiqué of the meeting, Ondo State Governor, Dr Olusegun Mimiko said the owner states resolved, among others, to raise the revenue base of the company from N4bn to N20bn in 2019.

Present at the meeting were Senator Ibikunle Amosun (Ogun), Ogbeni Rauf Aregbesola (Osun) and Deputy Governors Moses Adeyemo and Dr Kolapo Ishola of Oyo and Ekiti States respectively.

The meeting which had members of board of the Odu’a Companies in attendance was held at the Cocoa House, Ibadan.

The communiqué announced the resolution to admit Lagos State as one the owner States.

Mimiko said the owner states have agreed to reposition O’dua Investment as the engine room of the economic growth and development of the South West, and have approved a five-year strategic plan that will grow the company’s’ revenue base from N4b to 20bn by the year 2019

“We have agreed to admit Lagos State as part of Odua group. And because of this renewed interest in Odua as the engine room of the economic growth of the southwest. We as governors and proprietors so decided that we will now meet the board and management quarterly”.

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