Odu’a Investment targets N1tn assets, expands profit

Odu'a Investment Company Limited, owned by six states in Nigeria's South-West region, has set an ambitious target of N1 trillion in total assets by 2030. This goal is part of its "30 by 2030" growth strategy, officially known as SRC 2.0, which outlines a roadmap for the next five years. The company's performance in the 2025 fiscal year showed substantial growth, with revenue climbing 78% to N20.22 billion from N11.34 billion in 2024.

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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.

Profit Before Tax saw an extraordinary surge of 410%, reaching N23.58 billion compared to N4.62 billion the previous year. This remarkable increase was largely attributed to fair value gains on investment properties, amounting to N18.81 billion, and a strong performance in the Nigerian stock market. The company's financial discipline was further validated when Agusto & Co. upgraded its credit rating from 'A+' to 'Aa-' with a stable outlook.

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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.

A significant milestone for the company was the commissioning of the extensively remodeled historic Premier Hotel in Ibadan, Oyo State. The hotel is slated to commence full operations in the fourth quarter of 2026, with expectations of becoming a premier hospitality destination in the city. Additionally, Odu'a Investment has initiated the process to obtain its first-ever foreign credit rating from a major international agency.

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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.

This move is intended to position the conglomerate to access international debt capital markets and attract foreign direct investment. In a demonstration of enhanced corporate governance, the Group Managing Director presented the company's first fully consolidated financial statements, offering shareholders a transparent and internationally comparable view of the Group's financial health. The company expressed gratitude to the South-West Governors, board members, management, and staff for their unwavering support.

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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