Owner States Must Re-Invigorate Odu’a Investment To A Global Conglomerate – Ajimobi


By; BAYO AKAMO, Ibadan.
Governor Abiola Ajimobi has asked owner states of Odu’a Investment limited to re-invigorate the company to a global conglomerate.
The governor made the call while speaking at the 40th Anniversary commemorative lecture/ awards presentation to the three founding military governors of the Conglomerate held at the Banquet Hall of Premier Hotel, Ibadan.
He declared that Odua Investment is in a deteriorating state as a result of the loss of the value system by the stakeholders particularly the non challant attitude of former staff, directors and management board of the conglomerate  who see the company as a way of making quick money.
“The problems we are having now is that we have left many things we ought to do undone. We are only celebrating survival today as this is not the level the Conglomerate ought to be. Our value system is gone.  Our value system must be rejuvenated.  Odu’a Investment must be re-invigorated”he said.
The governor stressed that the time has come for the management of Odua investment to sit tight in its operation by investing more in agriculture especially in the area of cassava production which Oyo state and its counterparts in the South-West geo-political zone has comparative advantage of producing.
Speaking further Governor Ajimobi tasked the company to brace and partner with other corporate organizations to manage some of its infrastructure such as the moribund O’Net, Lafia Hotel, Airport Hotel, Western House to generate more profit.
He then urged the management of the company to resist any attempt by any governor of the owner states to impose any policy or anyone on them adding that the company should be run in an enterprise manner rather than see it as a government investment which is usually characterized by bureaucratic processes.
The governor disclosed that he was ready to ensure that owners state becomes minor shareholders in the country as a way of reducing unnecessary political manipulation or interferences on the company.
Chairman Board of Directors of the company, Chief Isaac Akintade while speaking declared that “our long years of dependence on Abuja and the monthly dole out of ‘Allocation’ has made us lazy and spoon-fed”.
“It has made us to undermine our intellectual capability to think through and deliver solutions for our socio-economic problems. This is an auspicious occasion for re-awakening and putting to practice our time tested values of industry, enterprise and creativity”.


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