Following a marathon meeting at the Cocoa House, Ibadan headquarters of the 40-year-old Odu’a Investments Company Limited, governors of the 5 states who own the group – Osun, Oyo, Ondo, Ogun and Ekiti – yesterday admitted Lagos State into the fold of owners. The decision had been debated for 4 years till yesterday when a communique of approval was issued. Present at the meeting were Governors Rauf Aregbesola (Osun); Ibikunle Amosun (Ogun); Olusegun Mimiko (Ondo); Oyo State Deputy Governor Moses Alake-Adeyemo and his Ekiti State counterpart Olusola Kolapo.
Reading the communique, Gov. Mimiko said, “We took some far-reaching decisions. We have taken the decision to reposition Odu’a Investment as the engine room of economic growth and development of the Southwest. We have just approved a five-year strategic plan to grow the revenue base of the company from N4billion to N20billion by 2019. We have also agreed in principle to admit Lagos State as part of the Odu’a Group. Based on this renewed interest in Odu’a Group, as the engine room of the economic growth in the Southwest, as governors and proprietors, we have also decided that we will now meet with the board and management quarterly.”