Business & EconomyOwner states set to reposition Oodua Investment, admits Lagos...

Owner states set to reposition Oodua Investment, admits Lagos state


Owner states set to reposition Oodua Investment, admits Lagos state
By; Bayo Akamo, Ibadan.
The five owner-states of Odu’a Investment Company Limited have agreed to reposition the conglomerate to serve as the engine room of economic growth and development of the Western region of Nigeria..
Ondo State Governor, Dr Olusegun Mimiko stated this while reading a four-point communiqué issued at the end of the owner governor’s meeting held at the Cocoa House building, Ibadan.
According to him, the owner governors of Oyo, Ogun, Ondo, Osun and Ekiti states at the meeting approved a Five-year Strategic Plan (2015-2019) to grow the financial fortune and economy of the South West zone from N4billion to N20billion.
Governor Mimiko pointed out that to make the vision of the owners of Oodua Investment a reality, the owner governors have resolved to be meeting  with the Board and Management of the Conglomerate on Quarterly basis to monitor development within the investment company.
The Ondo state governor however hinted that the owner governors have during the meeting, agreed in principle to admit Lagos State as part of the O0du’a group to further strengthen the conglomerate thus making it more buoyant financially and economically.
In his remark, the Chairman of Board of Directors of Odu’a Conglomerate, Chief Isaac Akintade, declared that the last meeting of such was held on 28 February, 2012 at the office of the Governor of Oyo State at Agodi in Ibadan. He said  “we are very proud to host this meeting at the iconic first high rise building in West Africa – the Cocoa House, which turned 50 years on 29 July, 2015”
He then prayed that God Almighty continue to progress the States and keep the unity of the South West and the Nigerian nation at large.
The meeting was attended by Governor Ibikunle Amosun (Ogun); Ogbeni Rauf Aregbesola (Osun); Dr. Olusegun Mimiko (Ondo) as well as Deputy Governor Moses Alake Adeyemo (Oyo) and his Ekiti State counterpart, Dr. Olusola Kolapo and the respective Secretary to the State Governments and members of the Board of Oodu’a Investment including the Group Managing Director, Mr. Adewale Raji.


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