Odu’a Investment Company Limited, owned by six South-West states, is targeting N1t in total assets by 2030 following the launch of its “30 by 2030” growth strategy, a roadmap officially known as SRC 2.0 (2026–2030).
The company also declared N23.58bn Profit Before Tax for the 2025 fiscal year. This was announced by the former Chairman of the company, Bimbo Ashiru, during the 44th Annual General Meeting held at the newly redeveloped Premier Hotel in Ibadan, Oyo State, on Saturday.
He said, “During the 2025 fiscal year, the company grew its revenue base by 78 per cent, which amounts to N20.22bn, up from N11.34bn recorded in 2024. The profit before tax surged by an extraordinary 410 per cent to N23.58bn, compared to N4.62bn in the preceding year, driven largely by fair value gains on investment properties of N18.81bn and a strong bullish run in the Nigerian stock market.
“The year under review was marked by several strategic milestones that have permanently repositioned the organisation. This performance did not go unnoticed by the financial community.
In a significant external validation of its fiscal discipline, Agusto & Co. upgraded Odu’a Investment’s credit rating from ‘A+’ to ‘Aa-’ with a stable outlook, a direct reflection of the Board’s insistence on financial discipline and the professionalism of its treasury operations.
“The historic Premier Hotel, Ibadan, after an extensive remodelling project, was commissioned and is set to commence full operations in the fourth quarter of 2026, promising to become the most iconic hospitality destination in the city.”
In his remarks, the Group Managing Director, Abdulrahman Yinusa, said, “The company has already initiated the process to secure its first-ever foreign credit rating from a major international rating agency, a move expected to position the conglomerate to access international debt capital markets and attract foreign direct investment.”
In a landmark achievement for corporate governance and transparency, the GMD presented its first-ever fully consolidated financial statements, combining the financial positions of the holding company and all its subsidiaries, thereby providing shareholders with an unfiltered and internationally comparable view of the Group’s collective strength.
He therefore extended his heartfelt gratitude to the six South-West Governors, his fellow Board members, the Group Managing Director (current and immediate past), the Boards and Management of Subsidiaries, and the entire staff of the Group for their unwavering support, and he reaffirmed his belief that “the head of a team is also a member of that team.”
In his acceptance speech as new Chairman, Tola Kasali said: “As I assume the role of Group Chairman, I stand before you to make a firm and unequivocal commitment that I will devote my utmost time and efforts to ensuring the full actualisation of SRC 2.0.
“I accept this responsibility with humility and an unwavering commitment to the vision of the founding fathers that has brought Odu’a Investment to this pivotal moment. The targets we have set represent a commitment between my leadership and our stakeholders. I am fully determined to provide the strategic oversight, governance, and support required to achieve these goals.
“As a board, we will not relent. We will not be distracted. I call on every board member, every director of our subsidiaries, every member of management, and every staff member across the Group to join me in this mission.
“To our shareholder states—Oyo, Ondo, Ogun, Osun, Ekiti, and Lagos—I give you my word: your trust will not be betrayed. To our shareholders, we will continue to deliver consistent returns. To our employees, we will continue to invest in your growth. And to the people of the South-West, we will continue to drive economic development, social impact, and create opportunities,” Kasali added.
