Odu’a to prioritise real estate investment
Temiloluwa O’Peters
Odu’a Investment Company Limited has said it would focus its investment in real estate and other priority sectors.
A statement signed by the group’s Head of Corporate Affairs, Victor Ayetoro, on Sunday said the decision was made at the organisation’s two-day brainstorming strategy session facilitated by the KPMG in Lagos.
He said the group developed a five-year growth plan at the retreat to reposition the organisation to fulfill the aspirations of the founding fathers and serve its stakeholders’ interest.
Some of the resolutions arrived at included the decision to focus investment in priority sectors of real estate, energy (including oil and gas), agriculture, logistics and storage, healthcare, ICT/digital and financial services.
The group also agreed to work on its portfolio of assets to achieve an acceptable return on assets, reduce operating recurring cost, ensure effective governance framework, and institute culture transformation initiatives.
The group’s vision, mission statement and core values were also revised to fit into the current restructuring and repositioning drive of the company.
Odu’a also planned for the active engagement of employees to ensure staff understanding, have a motivated workforce and enthrone a meritocratic culture to deliver on the organisation’s goals and objectives.
The Chairman of Odu’a Investment, Dr Segun Aina, charged participants on the need to take the company and its subsidiaries to a level that each and every one would be remembered for.
He noted that the retreat had put in place required strategies needed to refocus, recalibrate and accelerate delivery of Odu’a Investment’s desired result.
He added that urgency and priority attention would be given to human capital development, digital transformation and creating joint ventures and alliances through strategic partnerships.
The Odu’a Investment Company Group Managing Director/Chief Executive Officer, Adewale Raji, said, the retreat was necessary in articulating the future of the company.
He said, “The retreat was a worthwhile effort for both the board and the management to agree on a common focus in moving the company forward and achieving a quantum leap with emphasis on growth, profitability and sustainability.”
While noting that the transformation change was mandatory, Aina enjoined the management and staff to imbibe the change, desired culture and have a common purpose to drive the organisation to greater heights.
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