Economic Integration of South West Key to Prosperity of Nigeria – Gov. Ambode

Economic Integration of South West Key to Prosperity of Nigeria – Gov. Ambode

Governor Akinwunmi Ambode of Lagos State has said that the desire to see the total economic integration of the south west region propelled his administration to join the Group, saying that it would be a win-win situation for not just every State in the zone but also the nation at large.

“My belief in the total economic integration of the South West arising from our vision of the South Western Governors Forum that there is a need for all of us to come together as a regional force to be able to help each other in the areas of our comparative advantages was what drove me to make sure that we become partners in the Oodua Investment Group and I am happy we were able to do it with the support of the State Executive Council. We are happy also that we would be bringing in part of our own competences and expertise to grow this Investment Group.

“We are very proud that it is the only regional investment group that is existing in this country right now and because of that I am very happy that I was able to do this at least to lay down the foundation and the framework that would allow the bigger economic integration to take place even with the kind of infrastructure that we have tried to put in place also, we believe strongly that in the overall interest of the country, there is need for a regional interplay of competences so that the nation can grow its GDP, while we can also grow our own region,” he said.

Responding to the request by the Group for the State to nominate representatives for Lagos on the Board of Odu’a Investment Company Limited, Governor Ambode said he would defer the opportunity for the incoming administration to undertake, saying that it would be a means to ensure that the interest of the State is fully represented and sustained.

“That in itself will propel the payment of the remaining residue for the Shares also. You can have our commitment that we would put it in our handing over note so that it becomes something of priority. The whole idea as we have said is to be able to use our God found location in geographical terms to our best advantage and that’s what Oodua Investment Group stands for,” the Governor said

Governor Ambode made the landmark remarks when he hosted the Odu’a Investment Company team that paid him a courtesy visit recently.

Also at the occasion , a Director of the Odu’a Investment Company, Alhaji Tajudeen Bello who spoke on behalf of the Chairman of the group, said they were in Lagos to specially thank the Government and people of Lagos State for the monumental actualization of the State joining the Group last year.

Bello lauded the Governor for seeing through the Lagos State membership of Odu’a with the epoch-making signing of the Share Purchase Agreement in March 2018, saying that it was indeed a soothing reunion with Lagos joining forces with the other five South West States which would have significant economic benefits for the region on the long run.

“We will like to put in on record the overwhelming support and excitement of Yorubas across the Length and breadth of Nigeria and indeed in the diaspora on that landmark event within the cherished concept of regional economic development and integration last witnessed during the hay days of Western Region.

“It is our cherished desire and commitment in Odu’a Investment that this membership will unleash a geometric impact on the socio-economic development of our geo-political zone as a result of mutual benefits arising from the synergy of the ebullience of the commercial enterprise of Lagos and the uncommon resilience and resourcefulness that the Yoruba hinterland is reputed for since immemorial,” Bello said.

The Odu’a chief commended Governor Ambode for his landmark achievements, adding that the Group will continue to explore for collaboration opportunities including the Lagos State Embedded Power Supply Act structured to guarantee 24-hour power supply for the State, Rice Mill at Imota as well as numerous investment opportunities created by his administration.

He also commended the Governor for his sterling achievements in office, saying that his tenure recorded peace and positive transformation of Lagos as well as his sincere love and unalloyed support for the progress of the people.

Bello, who later presented the State’s Shares Certificate to the Governor, said the Group was confident that the six States in the region which make up the investment company will leverage on its comparative advantages and work together for the betterment and development of the entire region and its people.

Photo Speaks:

Lagos State Governor, Mr. Akinwunmi Ambode (right), receiving the State Shares Certificate of the Odu’a Investment Company Limited from the Board Director and representative of the Chairman, Alhaji Tajudeen Bello during a courtesy visit by the Board of Directors of the Company, on Monday, May 6, 2019.

Alhaji Tajudeen Bello, Odu’a Director representing Odu’a Chairman, Engr. Olusola Akinwumi during the visit of the Odu’a team to His Excellency, Governor Akinwunmi Ambode in his Alausa Office on Monday, May 6, 2019.

L-R: Mr Victor Ayetoro, Head Corporate Affairs, Odu’a, Chief Segun Ojo, Odu’a Director, Dr (Mrs) Adepeju Esan, Odu’a Director, Alhaji Tajudeen Bello, Odu’a Director, Governor Akinwunmi Ambode, Mr Adewale Raji, Group Managing Director/ CEO, Odu’a, Chief Dele Okeya, Odu’a Director and Mrs Abiola Ajayi, Company Secretary/Head of Legal, Odu’a, during Odu’a team visit to Gov Ambode at Lagos House, Alausa, Ikeja.

The Group Managing Director/CEO, Mr Adewale Raji responding to questions from the Gentlemen of the press while Odu’a Directors look on.


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