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On Tuesday, October 28, 2025, we took a significant step toward defining the next era of growth journey with the commencement of our SRC 2.0 2026-2030 Board Strategy Retreat at the prestigious Lakowe Lakes Golf and Country Estate, Lagos State. This crucial retreat follows a successful Management Strategy Retreat held in October at Ikogosi Warm Springs, underscoring our commitment to a structured, forward-looking approach as the current SRC 1.0 2021-2025 strategy period draws to a close. The primary objective of this retreat is to finalize OICL’s strategy for 2026-2030. This new plan will build upon the substantial successes and critical learnings from the outgoing strategy, which has proven largely effective in steering our transformation. We were immensely honoured to have 3 distinguished corporate personalities join us to share invaluable insights on how OICL can set and achieve ambitious goals. Mr. Fola Adeola, Co-Founder of Guaranty Trust Bank (GTB) and Founder of FATE Foundation, who joined us virtually, urged us to see OICL as state-enabled rather than state-owned. Dr. Segun Ogunsanya, Former MD/CEO of Airtel Africa and current Chairman of Airtel Africa Foundation, gave us an in-depth guide on opportunities in the telcoms sector. Mr. Deji Alli, Founder of ARM, Mixta Africa, and the visionary behind the retreat’s inspiring location, Lakowe Lakes Golf and Country Estate, spoke to us about infrastructure investment. The retreat is a collaborative effort, bringing together the Board of ODU’A Investment Company Limited, led by Group Chairman Otunba Bimbola Ashiru and Group Managing Director, Mr. Abdulrahman Yinusa; Board Chairman and Managing Directors and Chairmen of our subsidiary companies, as well as the Management team and functional head of OICL, to deliberate on new goals and forge actionable implementation plans. To ensure our strategy is grounded in robust economic realities, Dr. Biodun Adedipe, Founder and Principal Consultant of Consult, provided an in-depth outlook on the global and Nigerian economies The retreat continues today with presentations from our subsidiary companies, ensuring alignment across the entire Odu’a Group.

The Odu’a Investment Group commenced its 2026–2030 Management Strategy Retreat today, Thursday , September 18, 2025 at the serene Ikogosi Warm Springs Resort, in Ekiti State. The retreat marked the closing chapter of SRC 1.0, the strategic roadmap cycle for 2020 to 2025 and commenced the threshold of a new era, SRC 2.0 strategic plan for 2026 to 2030. The retreat tagged a movement was to evolve “our operating model for growth, impact and legacy” The two-day retreat brought together top-level Management staff from the Group headquarters, led by the Company’s Group Managing Director/ CEO, Mr Abdulrahman Yinusa, Managing Directors of our Subsidiary Companies and Head of Units to evaluate the impact of SRC (Sweat Revive and Create) 1.0 (2021–2025) and chart a new course for the future. The Group Managing Director of OICL, MR. Abdulrahman Yinusa emphasized that the essence of the retreat is to create synergy and ensure strategic alignment across the entire group. He alluded to OICL’s past when the company was described as “asset rich, cash poor.” Saying that with the implementation of SRC 1.0, the story has changed, and now we look forward to consolidating the success” He highlighted the critical need to further entrench Environmental, Social, and Governance (ESG) principles into group and subsidiary operations. The retreat featured a comprehensive macroeconomic outlook facilitated by Professor Abiodun Adedipe, a renowned economist and Chief Consultant of AA Adedipe Consult. Professor Adedipe provided informed perspectives on the future outlook of both global and Nigerian economies, as well as critical sectors relevant to OICL’s ambitious growth plans. Participants also conducted a thorough evaluation of OICL’s performance data across key sectors, providing a solid foundation for strategic planning. During his presentation, the Executive Director & Group Chief Investment and Business Development Officer noted that SRC is evolving from “Sweat, Revive and Create” to “Sweat, Repurpose and Consolidate,” reflecting the company’s progress and need to build upon the successes of current strategic foundations. “Our decisions are data-driven” he emphasized, highlighting the organization’s commitment to evidence-based decision-making Transformation Journey Participants also conducted a thorough evaluation of OICL’s performance data across key sectors, providing a solid foundation for strategic planning. The comprehensive appraisal of SRC 1.0 included reflections on significant achievements while identifying learning opportunities from areas requiring improvement. The SRC 1.0 strategy has successfully transformed OICL into a strategy-led organization with aspirations of becoming a world-class conglomerate that delivers sustainable returns to all stakeholders. A central theme of the retreat discussions is the “power of mindset,” with participants having studied “Mindset” by Dr. Carol Dweck as preparatory reading. This “read a book” approach underscores the OICL’s commitment to enabling a growth-oriented organizational culture.

Odu’a Investment Company Limited, the investment holding company jointly owned by the six South-West States of Nigeria, is pleased to announce that the leading credit rating agency, Agusto & Co has upgraded its corporate rating to ‘Aa-’ with a Stable Outlook in its recently released 2025 Corporate Rating Report. The upgrade from the previous rating of *A+* to *Aa-* reflects Odu’a Investment’s improved operating income and cash flow, driven by higher dividends from portfolio companies, increased investment returns from non-equity assets, and stronger rental earnings. The rating also acknowledges the Company’s strategic repositioning, including divestments from underperforming assets and reinvestment in high-yielding portfolios managed by reputable asset managers. Commenting on the rating, OICL Group Chairman, Otunba Bimbo Ashiru said that “This rating upgrade confirms our Board’s commitment to prudent financial management, strategic portfolio optimization, and sustainable value creation for our shareholders. It underscores Odu’a Investment’s resilience and adaptability in navigating economic headwinds while pursuing growth in critical sectors of the economy.” Group Managing Director/CEO, Mr. Abdulrahman Yinusa added that ‘The improved rating reflects the impact of our ongoing 2020–2025 Strategic Plan which focuses on sweating assets, reviving legacy investments, and creating new income streams. As we prepare for the next phase of growth, we stay committed to strengthening our operational efficiency and delivering superior returns to our stakeholders.” Agusto & Co also observed that Odu’a Investment’s profitability remains constrained by underperforming legacy assets that are being turned around and the early-stage nature of some recent investments. The report also cited macroeconomic challenges such as inflation and high energy costs as potential risks to earnings stability. Looking ahead, Odu’a Investment remains confident that its strengthened capital base, diversified income streams, and strategic investments will sustain a positive financial trajectory and enhance its contributions to the economic development of the South-West region in particular and Nigeria in general.

The Commissioner of Police, Oyo State Command, CP Johnson Adenola, Psc, led a high-powered delegation on a courtesy visit to the historic Cocoa House building, the headquarters of Odu’a Investment Company Limited (OICL). The Commissioner and his team were warmly welcomed by the OICL team led by Mr. Abdulrahman Yinusa, Group Managing Director/CEO of OICL, alongside Mr. Yemi Ajao, Executive Director/ Group Chief Investment Officer, Mrs. Abiola Ajayi, Company Secretary and Head of Legal; Engr. Olusoji Sangobiyi, Technical Assistant to the GMD on Special Projects, Mr. Victor Ayetoro, Head, Branding and Communication; and Mrs. Florence Adesina, the Chief Security Officer. The police delegation included DCP Isiaka Salawu (CID, Iyaganku), DCP James Useni (Operations), ACP Martins Bamigboye (Intelligence Department), ACP Shade Bamigboye (Human Resources), CSP Dr. Babafemi Okunowo, CSP Ademakin Joseph, Inspector Dele Olashiru (Aide-de-Camp to the CP), Corporal Emmanuel Asuan(Orderly to the CP), and the command’s spokesperson, CSP Adewale Osifeso, NIPR. In his remarks, CP Johnson expressed his admiration for the historic significance of OICL and the enduring legacy the company represents. He was particularly impressed with the structural integrity of the Cocoa House building, which remained standing as a testament to quality construction and maintenance over the decades. In his words, “I want to commend what management has been doing, particularly in keeping this building standing. This is more than a visit; it is an assurance of our commitment to collaborate and support OICL,” he stated. The police chief emphasized the importance of security consciousness in today’s environment, recommending strict access control to critical areas of the building. He reiterated the vital role of the police force in maintaining security and assured OICL of his command’s full support throughout his tenure as Commissioner of Police in Oyo State. In response, GMD Abdulrahman Yinusa appreciated the CP for taking time to visit and assured him of OICL’s continuous efforts at improving security measures across the company’s operations. He emphasized the company’s readiness to collaborate with the police command in pursuing common objectives. He acknowledged the vital role the police play in securing lives and property, as well as in maintaining social stability that facilitates investor confidence. Mr. Yinusa noted that Odu’a Investment Company’s mission extends beyond profit. OICL is committed to social and economic progress and regional development. “We see this visit as a reaffirmation of our shared commitment to the public good,” he said. OICL’s Company Secretary, Mrs. Abiola Ajayi, shared detailed plans for the “Cocoa House at 60” celebration, scheduled to commemorate the building’s milestone starting from July 30th, 2025, with a grand finale in mid-August. She presented a comprehensive timeline of events to celebrate the iconic structure and specifically requested for police support in terms of security during the celebrations. Delivering the closing remarks, Mr. Yemi Ajao highlighted the long-standing relationship between OICL and the Nigeria Police Force. He noted that as OICL continues to expand its investments, particularly in agriculture, the need for a stronger security partnership will be critical. He expressed hope that the visit would mark the beginning of an even stronger relationship. The police delegation also visited the Odu’a Museum and Hall of Fame, where they were treated to a rich display of Yoruba heritage through carefully curated artifacts and historical narratives. At the Hall of Fame, the visitors learned about distinguished Yoruba personalities who made remarkable impacts in various fields of human endeavor. The tour culminated with a visit to the building’s rooftop, where the delegation enjoyed breathtaking panoramic views of Ibadan city.

Through its dedicated agribusiness vehicle, South West Agricultural Company Limited (SWAgCo), Odu’a Investment Company Limited (OICL) has launched its Odu’a Agro-Industrial Hub in Ekiti State. The Formal Opening of the Agro-Industrial Hub which took place on Tuesday, 17th June 2025 at Oke-Ako, Ikole Local Government Area of Ekiti State was graced by His Excellency, Executive Governor of Ekiti State, Mr Biodun Oyebanji alongside traditional rulers, government officials, and key stakeholders from the agricultural sector. The ceremony also featured the Flag-off of flag-off of the Sustainable Development Project of Maize Micro-Enterprises in Ekiti State in partnership with British American Tobacco Nigeria Foundation (BATNF) within the Hub and aimed to enhance maize productivity, improve access to quality inputs and extension services and promote sustainable agricultural practices.  The project is being implemented by Westlink Integrated Agriculture Limited, the operating arm of SWAgCo limited. Speaking at the event, His Excellency Governor Biodun Oyebanji, who was represented by the Chief of Staff, Mr. Niyi Adebayo appreciated the move as timely and transformative, he said “the initiative aligns perfectly with the administration’s vision to empower farmers and drive inclusive economic growth”. He commended the Odu’a Investment, BATNF and SWAgCo for bringing this vision to reality at Oke-Ako Ekiti. He assured all stakeholders that Ekiti state is open for business especially in the area of agricultural production and agribusiness where the combination of fertile land, hardworking farmers, supportive government policies and an array of tertiary institutions offering agricultural courses and training will create the ideal conditions for agribusiness to thrive. The Group Managing Director of Odu’a Investment Company, Mr. Abdulrahman Yinusa, said that the project is a manifestation of OICL’s commitment to strategic partnerships that delivers impact. “ this maize cultivation initiative, in partnership with the British American Tobacco Nigeria Foundation (BATNF), is a shining example of what can be achieved when strong institutions work together with purposeful partnerships. This hub at Oke- Ako Ekiti will be more than a production site. It is a platform designed to bring together actors across the agricultural value chain: from land development and input suppliers to mechanization, processing, storage, and logistics services”. According to him, the maize project will foster inclusive growth, unlock job opportunities for our youth and women, and stimulate local economic development. He also positioned the project within OICL’s broader commitment to regional development saying “This project represents our dedication to investing in ventures that unlock socio-economic value across the Southwest region. The Chairman of SWAgCo, Mr. Owolabi Salami reiterated SWAgCo’s mission to scale sustainable agricultural development. According to him, “SWAgCo was established to serve as a catalyst for agro-industrial transformation and to start with supporting 100 maize farmers is just one step in our broader mission to reposition agriculture as a commercially viable and youth-inclusive sector,” Mr. Oludare Odusanya, General Manager of BATNF, spoke on the Foundation’s role in supporting small holder farmers in rural communities. He noted that “the project reflects our core belief that smallholder farmers are not just beneficiaries of development; they are key drivers of it”. He said that BATNF is committed to empowering rural communities with tools, training, and technologies need to thrive. OICL Group Independent Director, Mrs. Folusho Olaniyan, OON, who also sits on the board of SWAgCo, and in the Technical Committee of BATNF said “ i have had the privilege of seeing this vision come to life from multiple angles and to see it launched right here in Oke Ako is a moment of profound pride. This initiative represents our template for sustainable, inclusive, and impact-driven agriculture in the Southwest and through this partnership between SWAgCo and BATNF, we are building a model that combines modern agronomy, youth empowerment, value chain integration, and rural economic development”. Chief Segun Ojo, a Group Director in Odu’a Investment in his goodwill message stated that the Agro-Industrial Hub is more than infrastructure. It is a symbol of transformation. It reflects OICL’s belief in empowering local economies, creating employment opportunities for the youth and women, and in establishing a resilient foundation for food security in Ekiti State and the South-West region at large. One of the beneficiaries, Oloye Olukotun, a farmer from Oke-Ako Ekiti, expressed his gratitude: “We are delighted by the project, we will give our all to ensure it succeeds.” he enthused. The Agro-Industrial Hub has been purposefully designed to serve as a centralised ecosystem for key agricultural value chain actors – including land development companies, mechanization service providers, input suppliers (such as seed, fertilizer, and agrochemicals), extension service providers, commodity processors, as well as storage and logistics firms. The SWAgCo–BATNF Maize Micro-Enterprise Project, which will begin with the training of an initial cohort of 100 Ekiti youths through our portfolio company, Westlink Integrated Agriculture Company, represents the Group’s practical commitment to youth empowerment expected to  deliver comprehensive training in good agricultural practices, facilitate access to critical inputs and credit, and support participants through harvesting, storage, and marketing—ultimately fostering long-term wealth creation and sustainability. Present at the event included the OICL Board Members: Mr. Segun Olujobi, and Otunba Lai Oriowo, SWAgCo Director, Mr. Adetunji Adeola and Dr. Theo Onadeko, Managing Director. Traditional rulers including the Regent of Oke-Ako, HRH Princess Tinuade Ogunbiyi and representatives from the Ekiti State University were at the event.

Last week, the leadership of Odu’a Investment Company Limited (OICL), led by Group Managing Director Mr. Abdulrahman Yinusa, paid courtesy visits to the University of Ibadan and The Polytechnic, Ibadan. These visits are part of OICL’s broader engagement strategy to build meaningful partnerships with institutions that shape the South-West region’s development. The OICL delegation included Mrs. Abiola Ajayi, Company Secretary and Head of Legal (also Executive Secretary of the Odu’a Investment Foundation); Engr. Olusoji Sangobiyi, Technical Assistant to the GMD; Mr. Victor Ayetoro, Head of Branding and Communications; and Mr. Kazeem Oguntoyinbo, Branding and Communications Manager. At the University of Ibadan, the team was received by Deputy Vice-Chancellor (Academic), Prof. Aderonke Baiyeroju, who welcomed them on behalf of the Vice-Chancellor, Prof. Kayode Adebowale. She emphasized the university’s commitment to partnerships and that the visit aligns with the University’s “Gown and Town” philosophy. Mr. Yinusa shared OICL’s history as a legacy conglomerate focused on sustainable, innovation-driven growth. He noted that beyond profit, OICL seeks to make meaningful impact on society. He spotlighted subsidiaries like SWAgCo (South West Agriculture Company), which is promoting food security through modern agribusiness, and SWIT (South West Innovation and Technology), which is building digital capabilities across the region. Both subsidiaries, he noted, present areas of synergy with the university. Mrs. Ajayi introduced the Odu’a Investment Foundation’s DEFINED initiative (Digital Education for Innovation and Economic Development), which supports digital literacy through programs like the Byte Busters Coding Club. Prof. Baiyeroju expressed appreciation for the visit and affirmed UI’s readiness to collaborate on shared goals. She noted that as the university nears its 77th anniversary, infrastructure renewal remains a pressing challenge. She welcomed the idea of working with strategic partners like OICL. The visit ended with an exchange of institutional gifts and a commitment to explore opportunities for meaningful collaboration. At The Polytechnic, Ibadan, the OICL team was warmly received by the Acting Rector, Dr. Abideen Lasisi. Addressing the Polytechnic’s leadership, Mr. Yinusa stressed the importance of technical education in national development. He also emphasized the need for synergy between educational institutions and business entities. Dr. Lasisi reiterated the significance of technical skills in driving transformation in Nigeria. He also emphasized the need for sustained collaboration between industry and educational institutions. As a gesture of honor, the Acting Rector conferred upon Mr. Yinusa the title of Honorary Ambassador of The Polytechnic, Ibadan, symbolized by the presentation of a ceremonial neck shawl and badge. Other members of the OICL team were also decorated with honorary badges of the polytechnic.

Monday, July 2, 2025 Our emergency response team acted promptly, and the affected individual has been taken to the University College Hospital (UCH) for urgent medical attention. We are deeply concerned by this development and are fully cooperating with the relevant authorities to support ongoing investigation. Further updates will be provided as more information become available. Signed: Victor Ayetoro Head, Branding and Communication Odu’a Investment Company Limited

ODU’A Investment Company Limited (OICL), the foremost investment conglomerate jointly owned by the six South-West states of Nigeria, held its 43rd Annual General Meeting (AGM) today, Thursday, May 15, 2025, at the Lagos Airport Hotel. The AGM featured the presentation and approval of the company’s Audited Financial Statements for the year ended December 31, 2024, as well as the Reports of the Board and External Auditors. A major highlight was the announcement of a ₦518 million dividend payout to the six shareholder states, representing a 21% increase from the ₦428 million declared in 2023. This brings OICL’s cumulative dividends to ₦3.63 billion since 2013, affirming the company’s consistent performance and value creation for its stakeholders. OICL reported an incredible 81% growth in operating revenue, rising from ₦3.95 billion in 2023 to ₦7.15 billion in 2024. Total comprehensive income surged to ₦82.26 billion, up from ₦9.23 billion in 2023, a 773% year-on-year increase, largely driven by ₦80.58 billion in non-cash fair value gains from the revaluation of the Group’s equity investment portfolio. Another highlight was the signing of three strategic agribusiness partnerships by SWAgCo Limited, OICL’s agribusiness subsidiary, valued at over ₦10 billion. These joint ventures signal Odu’a’s deepening commitment to agricultural transformation and food security across the region. The signed agreements include: 1. ₦4.6 billion Cocoa Plantation Joint Venture with Starlink Global & Ideal Limited and PETAGULS Cultivars & Seedling Technologies. 2. ₦5.2 billion Integrated Farming Partnership with Foodlocker Limited 3. ₦65 million Maize Production and Smallholder Support Program with the British American Tobacco Nigeria Foundation (BATNF) Further details on these partnerships will be shared in subsequent communications. Gracing the AGM were representatives of the shareholder states:High Chief Teslim Igbalaye, Secretary to the Osun State GovernmentMr. Akin Akinnagbe, Permanent Secretary, Political and Economic Department, Governor’s Office (Ondo State), representing the Ondo State SSG, Dr. Adekunle Oyedele, Permanent Secretary, General Administration, Office of the Executive Governor (Oyo State), representing the Oyo State SSGMr. Adeleke Adefolaju, mni, Permanent Secretary, Political and Economic Affairs, Governor’s Office (Ekiti State), representing the Ekiti State SSG. Also in attendance were all Group Directors of OICL, led by Group Chairman Otunba Bimbola Ashiru, the Group Managing Director, Mr. Abdulrahman Yinusa, board members and managing directors of subsidiaries and associate companies, and the OICL management team.