Home News Fayose: Selfish Interest Killing Oodua Group

Fayose: Selfish Interest Killing Oodua Group


By Sulaiman Salawudeen, Ado-Ekiti

Ekiti State Governor Ayodele Fayose has said the challenges that were crippling Oodua Investment Group dated back to several years ago.

The governor made this statement while receiving the top management of the organisation in his office last Thursday, noting that there was need for a 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 noted that selfish interests among key players in the Oodua Investment Group caused serious setback the legacies of the founding fathers.

Fayose then called on the new leadership to make frantic efforts to re-position the group and ensure the problems bedevilling the conglomerate were addressed headlong.

The governor, who said the companies under the Group had 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 of Oodua Group, Mr. Adewale Raji, explained to the governor that the Group had experienced a great deal of stagnation, adding that there was the necessity to re-position the organisation for a bright future.

He noted that a 5-year plan had 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, would be put to productive use for further development.

He said Oodua group would not shirk in its responsibility to impact the society through her platform of Social responsibility programmes.

According to him, the organisation’s AGM where dividends would be paid to shareholders would hold in August.‎

Like and Share this:


Please enter your comment!
Please enter your name here