Ogun State Governor Prince Dapo Abiodun has said that the South-West governors have implemented a significant development for the Oodua Investment Company Ltd.
Abiodun said the development was a non-interference policy implemented to revamp the conglomerate and eliminate political interference and mediocrity in its operations.
Abiodun made this announcement during a meeting with the board and management of Oodua Investment, headed by Group Chairman Otunba Bimbo Ashiru.
He expressed his satisfaction with the recent accomplishments of the company, applauding the new management team’s creativity, direction, and commitment.
Abiodun emphasized the need for a professional and purpose-driven approach in managing the conglomerate, stating, “Today’s Odu’a is a complete departure, night and day from what Odu’a used to be.
Abiodun said “I want to commend your sense of creativity, direction, purpose, sincerity, and commitment to all that you signed up to do, and we are very happy with the results we have seen.”
The governor revealed that all the South-West governors have adopted a non-interference approach, allowing Oodua Investment to operate efficiently without political intervention.
Furthermore, Governor Abiodun highlighted his administration’s initiatives to improve the business environment in Ogun State.
The state has become the third-largest contributor to internally generated revenue in the country. Reforms, efficiency in governance, and the elimination of financial leakages have contributed to this success without burdening citizens with increased taxes.
The governor also mentioned the establishment of business clusters across the state and the acquisition of an Electronic Certificate of Occupancy equipment capable of signing 2,000 Certificates of Occupancy per day.
He added, “These are the kind of things that have been a clog in the wheel in the past, and we are ensuring that we fast-track these processes so as to also ensure that the reforms reflect who we are.”
In terms of transportation and environmental initiatives, Governor Abiodun announced the launch of Compressed Natural Gas (CNG) enabled Mass Transit and collaboration with other states to adopt similar strategies.
He said that this allows buses to charge pre-subsidy removal prices and promotes a green revolution and climate change sensitivity.
Abiodun added that regarding infrastructure, the South-West governors, including Lagos and Oyo, are planning to illuminate the entire Lagos-Ibadan Expressway and provide internet facilities.
According to him, they are also considering the deployment of drones for enhanced security.
Otunba Ashiru, the Group Chairman of Oodua Investment Company, praised the governors for appointing capable individuals to the company’s boards and emphasized the importance of diversification.
He revealed that the company has secured a license for a marginal field and is on the verge of becoming an oil-producing organization in Nigeria.
Ashiru also mentioned a joint venture with international hoteliers to increase the number of rooms in Premier Hotel and a Chinese company’s interest in investing in the power sector of the South West with a focus on 1000 megawatts per state in the region.
The transformation of Oodua Investment Company under the guidance of the South-West governors, particularly Governor Dapo Abiodun, marks a significant step towards improved economic growth and development in the region.
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