Odu’a Investment Company Limited is set to chart a new growth strategy for the next five years, 2020-2025, to increase its performance and profitability.
This was stated in a statement made available to journalists in Ibadan at the end of a two-day strategy session for the company’s board of directors, chairmen of the board of subsidiaries and chief executive officers of its subsidiary companies and the management team.
The statement said the ambitious growth plans would change the face of the organisation and to achieve this goal, “the group is set to lead with purpose and accountability with full engagement and inclusiveness of stakeholders.”
Chairman of Odu’a investment, Dr. Segun Aina (OFR), while speaking at the retreat tasked the company’s workers and stakeholders to embrace efforts towards making the company the economic powerhouse of the South-west nation and the strategic partner of the first choice.
Dr. Aina said to move the company forward, the transformation change in Odu’a investment is mandatory and that the time has come for the management and staff to “imbibe the change, the desired culture and have a common purpose to drive the organisation to greater height.”
The chairman said the retreat has put in place required strategies needed to refocus, recalibrate and accelerate delivery Odu’a investment’s desired result, and that “the board’s priorities include delivering shareholder’s value and social impact which will be based on asset optimisation and efficient management of resources.”
Assuring that urgent and priority attention will be given to human capital development, digital transformation and creating joint ventures and alliances through strategic partnerships, he urged participants at the retreat on the need “to take the company and its subsidiaries to a level that each and everyone would be remembered for- delivering the Odu’a of our dream.”
Dr Aina stressed that Odu’a investment board is committed to “completion of a corporate governance reform in line with global best practice, recruitment of two executive directors and the appointment of two independent non-executive directors, and looking at recruiting top individuals in the management level.”