Odu’a Investment enters manufacturing, agro-allied businesses

Foremost Yoruba business concern, Odu’a Investment Company Limited, is keying into President Muhammadu Buhari’s diversification efforts from monolithic oil economy‎ to agro-allied based enterprises in the face of dwindling effects of global crude oil pricing.
The eighth Group Managing Director (GMD), Mr. Adewale Raji, who assumed duty a year ago, 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.
Raji, who anchored his management and leadership team spirit on Growth, Profitability and Sustainability (GPS) that the current generation and those yet unborn could treasure, said his five years ‘ambitious plan’ of growing company’s revenue by 250 per cent had started yielding positive results due to the cooperation of the board of directors, management, staff and owner states of Odu’a.
He announced the successful completion of the Ire Clay & 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. 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 & Burnt Bricks is a good match in Westlink Todo Construccion joint venture recently consummated with a Spanish partner. Westlink Todo Construccion Limited markets highly discernible porcelain and ceramic finishes for floors and walls as well as bathroom, living room and kitchen features. This is one company that promises to genuinely radicalise the interior finishing stage of building construction in Nigeria,’ Raji disclosed.
He hinted also that Odu’a is taking a cue from the vacuum of industrial storage for massive agricultural produce by focusing on the agriculture 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.
Not done, the Odu’a GMD said: “The company has also commenced search for credible local and foreign technical investors as partners in its targets sectors of the Nigerian economy especially hospitality, agribusiness, real estate, manufacturing, financial services and other blue ocean opportunities.
“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.”