Home News Lagos receives Odu’a Investment share certificate; consolidates business relationship with S/West states

Lagos receives Odu’a Investment share certificate; consolidates business relationship with S/West states

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Lagos State Governor, Mr Babajide Sanwo-Olu has received the Share Certificate of the state government from the Odu’a Investment Company Limited, a company jointly owned by the six South West states.

The Share Certificate was presented to Sanwo-Olu by the company’s Chairman, Otunba Bimbo Ashiru during a courtesy visit to the Governor by the company’s board members and management team at Lagos House, Ikeja.

Receiving the Share Certificate, the Governor said the state government is willing to partner with Odu’a Investment Company to deepen the relationship among South West states in agriculture, hospitality, oil and gas, tourism and other business opportunities.

He said: “We thank you very much for putting paid to doubting Thomases who are not sure whether Lagos State has been brought in as part of Odu’a Investment. Lagos State before now has been accepted as equal partner, equal shareholder with governors of the five other states and we are all equal stakeholders in the group.

“We thank you very much for presenting our Share Certificate to us. We have enjoyed dividends a couple of times already and it goes to show that our investment is yielding the right results. Lagos State is happy that we have made that investment and we are part of a great and bigger agenda called the Odu’a Investment.

“We are willing to partner with Odu’a Investment Company on our Imota Rice Mill. The rice mill will be commissioned in October or November depending on the timing of our guest. It is something that we all need to celebrate. That would be the biggest single rice mill in the country and it is a pride for all of us.

“And coming out of the mill itself, there are many other businesses that also can springboard; rice plantation, rice paddy and all of it can be one of the areas in which we can look out for great business opportunities in Odu’a Investment Company. There are also other areas we can collaborate on like real estate opportunities, blue economy, hospitality destinations and tourism”.

Board Directors, Odu’a Investment Company Limited, Mr Seni Adio; Mrs Folusho Olaniyan; Dr Tola Kasali; Chairman, Otunba Bimbo Ashiru; Lagos State Governor, Mr Babajide Sanwo-Olu; Secretary to Lagos State Government, Mrs Folashade Jaji; Chief Segun Ojo and others during a courtesy visit to the Governor, on Thursday

While commending the board and management of the company for their commitment, Sanwo-Olu urged them to have a long view and make it a company that would outlive them.

“We are happy you are building a company that will outlive all of us. If our fathers can take it up 45 years ago to what it is now, we also must have a long-time view to ensure that we can position that company for another 30, 40 years from today. We will give you all the necessary support, cooperation and encouragement”, he said.

Earlier, Ashiru, who said the state is a bonafide member of the Odu’a Investment Company Limited, disclosed that the board members and management team visited Sanwo-Olu to appreciate him and the state government for their support to the company.

He said they decided to hand over the Share Certificate to the Governor to silence doubting Thomases who don’t believe that the state is part of the Odu’s Investment Company.

With the caliber of people of integrity managing the affairs of the company, he said that the focus of the board and management team is to make the company world-class.

Ashiru, who requested for more support from Lagos State Government, said the company is ready to partner and work with the state government for more business opportunities in hospitality, real estate, tourism and agriculture, especially the Imota Rice Mill.

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