The Chairman, Odu’a Group, Bimbo Ashiru, said on Tuesday that plans were underway to partner the governments of the six South-West states on power generation and distribution to improve power generation and distribution in the region.
Ashiru also said the group would soon begin oil exploration and production as part of efforts to boost the potential of the group, reposition it and as well sustain the legacies of the founding fathers.
The Odu’a boss, who spoke in Ado Ekiti, the Ekiti State capital, during a visit to Governor Biodun Oyebanji, also assured that the board and management were working round the clock to revive the group’s investments and establishments which had been abandoned.
He said that the decision to partner with the South-West governments on power followed President Bola Tinubu’s signing of the Electricity Law, which authorised states, companies and individuals to generate, transmit and distribute electricity.
This, he said, was to “boost electricity supply to the South-West and by extension enhance the commercial activities in the region”.
Ashiru said, “Odu’a won the marginal field OML 95 on Ondo State. That is one of the things we are working on,” adding that the group had entered into a partnership with an oil company for deeper and marginal exploration and production of oil with the aim of boosting fuel supply in the country.
“We are here to let you know what we are doing. Our focus is to be the engine room of the business in the Southwest.
Ekiti State Governor, Mr Biodun Oyebanji emphasised on collaboration initiatives to boost industrialisation, improve agricultural productivity and attract investments to Ekiti State. These partnerships he said would generate employment and enhance the overall prosperity and well-being of the state.
