Odu’a Investment charts new 5-year growth strategy, adopts core values
In its bid to improve performance and increase profitability, Odu’a Investment Company Limited, has mapped out growth plans that would re-position the conglomerate to fulfil the aspirations of the founding fathers and serve the interest of all the stakeholders now and in the future.
The group owned by the six Southwest statesOgun, Lagos, Oyo, Ekiti, Osun, and Ondo, is poised to operate with purpose and accountability with full engagement and inclusiveness of stakeholders.
The decision to chart a new course was made at the organisation’s twoday brainstorming strategy session facilitated by KPMG Advisory services for the company’s board of directors, chairmen of the board of subsidiaries and CEOS of its subsidiary companies and the management team of Odu’a Investment Company at the Lagos Airport Hotel, Ikeja, Lagos over the weekend.
It also had in attendance select special guests who are renowned entrepreneurs, subject matter experts, business leaders, technocrats, and the intellectuals among others.
The retreat articulated the building blocks for achieving the five-year ambitious plan based on the strategic pillars of growth and expansion, investment excellence, profitability and efficiency, governance and reporting as well as people, culture and transformation.
Some of the resolutions arrived at the retreat was the decision to focus investment on priority sectors of real estate, energy including oil and gas, hospital, agriculture, logistics and storage, healthcare, Ict/digital and financial services. Innovation mindset will underpin the activities of the entire group.
It agreed to ‘sweat’ the group’s portfolio of assets to achieve an acceptable return on assets, reducing operating recurring cost significantly, ensure effective governance framework, oversight on the group and subsidiaries and also institute culture transformation initiatives to drive operational excellence.
Chairman of Odu’a Investment, Segun Aina, charged participants on the need to take the company and its subsidiaries to a level that everyone would be remembered for- delivering the Odu’a of our dream.
He noted that the retreat has put in place required strategies needed to refocus, recalibrate and accelerate delivery of Odu’a Investment’s desired result, which according to him include “delivering shareholder’s value and social impact which will be based on asset optimization and efficient management of resources”.