Odu'a Investment Sets Sights on N1 Trillion Asset Base, Eyes Significant Boost in Earnings

Odu’a Investment Company Limited, a conglomerate owned by six South-West states, has set its sights on reaching a total of N1t in assets by 2030, driven by its newly launched "30 by 2030" growth strategy, also known as SRC 2.0, which spans from 2026 to 2030.

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The company's financial performance for the 2025 fiscal year was marked by a notable N23.58bn Profit Before Tax, as announced by former Chairman Bimbo Ashiru during the 44th Annual General Meeting at the redeveloped Premier Hotel in Ibadan, Oyo State, on Saturday.

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According to Ashiru, the company's revenue base grew by 78 per cent to N20.22bn in 2025, up from N11.34bn in 2024, while its profit before tax surged by 410 per cent to N23.58bn, compared to N4.62bn in the preceding year, largely due to fair value gains on investment properties and a strong performance in the Nigerian stock market.

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The year under review saw several strategic milestones that have repositioned the organisation, with the financial community taking notice, as evidenced by Agusto & Co.'s upgrade of Odu’a Investment's credit rating from 'A+' to 'Aa-' with a stable outlook, reflecting the company's fiscal discipline and professionalism in treasury operations.

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The historic Premier Hotel in Ibadan, following an extensive remodelling project, is set to commence full operations in the fourth quarter of 2026, poised to become a premier hospitality destination in the city.

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Group Managing Director Abdulrahman Yinusa noted that the company has initiated the process to secure its first-ever foreign credit rating from a major international rating agency, aiming to access international debt capital markets and attract foreign direct investment.

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In a significant achievement for corporate governance and transparency, the GMD presented the company's first-ever fully consolidated financial statements, providing shareholders with a comprehensive view of the Group's collective strength.

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Yinusa expressed his gratitude to the six South-West Governors, the Board members, and the entire staff of the Group for their support, reaffirming his belief in the importance of teamwork.

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In his acceptance speech as new Chairman, Tola Kasali committed to devoting his time and efforts to ensuring the full actualisation of SRC 2.0, accepting the responsibility with humility and a commitment to the vision of the founding fathers.

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Kasali pledged to provide strategic oversight, governance, and support to achieve the company's targets, calling on all board members, directors, management, and staff to join him in this mission.

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The new Chairman assured the shareholder states - Oyo, Ondo, Ogun, Osun, Ekiti, and Lagos - that their trust would not be betrayed, promising to deliver consistent returns to shareholders, invest in employees' growth, and drive economic development and social impact in the South-West.