For the umpteenth time, the Group Managing Director of Odu’a Investment Company, Mr. Adewale Raji, has reiterated the indispensability of growing huge profit for the company to earn it the deserved respect from the stakeholders as well as a proper rating in the corporate world.
Mr Raji made the remarks at a workshop organized by Odu’a Investment Company Limited in collaboration with African Wealth Partners on Tuesday, November 20, 2018.
The event was a one-day Agric Strategy Workshop for the Odu’a Directors and the Leadership Team. Managing Directors of Wemabod Estates Limited and Glanvills Enthoven & Pensions Consultants were also in attendance.
The workshop which took place at Osun Hall of the Lagos Airport Hotel, Ikeja, was aimed at assessing the current situation of Odu’a’s agricultural business, the key needs and priorities and defining new strategies for the Agric business which will drive search for partners and possible financing solutions.
The Group Managing Director of Odu’a, Mr. Adewale Raji while declaring the Summit open emphasized that Odu’a was thirsty for growth. He also said there was need to unlock value and leverage the company assets for socio-economic footprints and impact.
He said the desired growth could be realized through the engagement of partners in the value-chain end and by entering into Joint Venture or equity participation in new businesses.
Mr. Raji emphasized on the need for all staffers to live to the billing of the current mandate through improved and consistent financial performance, regular shareholder engagement and payment of dividends, aggressive pursuit of big-ticket transactions for growth and development.
Other speakers spoke around the need to identify and enter into partnership with credible investors who have the technical competence and financial capabilities in a joint venture using Odu’a farmland as part of equity contribution.
Resource Personnel from Africa Wealth Partners included, Martin Emoch, Marid Marconi, Michael Moghedde and Mrs. Ayotola Ayodeji.
The Group promised to work with Odu’a management in providing sustainable solution in area of technical expertise required and getting the right partners to grow the Agri-business ventures for Odu’a.
Present at the workshop were Odu’a directors; Alhaji T. Ola Bello, Chief Segun Ojo and Dr. Mrs. Adepeju Esan. Others were Odu’a Group Managing Director, Mr. Adewale Raji, Managing Director, Wemabod Estates Limited, Mr. Oluyemi Ejidiran, Managing Director Glanvills Enthoven, Mr. Supo Falana, General Manager, Finance, Mrs. Yinka Tunji-Ojo, Head Group Human Resources, Dr. Morakinyo Oloyede.
Also, in attendance were the Head of Legal and Company Secretary, Mrs. Abiola Ajayi, Group Head, Internal Control Risk and Compliance, Mr. Segun Agbekeye, Project Evaluation Manager, Engr. Olusoji Sangobiyi, Principal Assistant, Strategy & Sustainability, Mr. Babajide Oyebola, Head Internal Audit, Mr. Bamidele Alausa, and Head, Corporate Affairs, Mr. Victor Ayetoro.