Fayose seeks repositioning of Oodua group



Ekiti state governor, Mr Ayodele Fayose has called for the repositioning of Oodua Investment Group to make it profitable and achieve the dreams of its founding fathers.

He, however, noted that the challenges that have brought the conglomerate to its knees dates back to several years of not working according to its master plan.

The governor while playing host to the top management of the Organisation in his office noted that there was a need for change of attitudes on the part of stakeholders to re-energise the South Western states’ heritage.

According to a press statement issued by the Chief Press Secretary to the Governor, Mr Idowu Adelusi in Ado Ekiti, Fayose who noted that selfish interests of key players in the Oodua Investment Group has caused serious setback to the development of the legacies of the founding fathers, called on the new leadership to make frantic efforts to re-position the group and ensure the problems bedevilling it are tackled headlong.

The governor who said the companies under the Group has the potentials to generate wealth for the 5 state owners if well managed promised to render necessary support within the power of the state to chart a better way forward for Oodua.

Earlier, the Group Managing Director/Chief Executive Officer, Mr Adewale Raji explained to the governor that the Group had experienced a great deal of stagnation and there is the necessity to re-position the organisation for a bright future.

He noted that a 5-year plan has been designed to include manufacturing; community based mechanised Agriculture and skill acquisition programmes among others to serve as platforms for empowerment and employment for the people.

The GMD/CEO who disclosed that the 40,000 hectares of land available to the organisation(10,000 of which is in Ekiti state) will be put to productive use for further development.

He said Oodua group will not shark in her responsibility of imparting the society through her platform of Social responsibility programmes, saying the organisation’s AGM where dividends will be paid to shareholders will come up in August.

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