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Bimbo Ashiru Drives Transformation at Odu’a Investment Company

Business
Bimbo Ashiru Drives Transformation at Odu’a Investment Company

Bimbo Ashiru has taken charge of Odu’a Investment Company, implementing a strategic transformation aimed at restoring the company's legacy and ensuring steady growth. Under his leadership, the company is focusing on improving its balance sheet and asset structure.

Ashiru's disciplined approach emphasizes value-driven decisions across the group, particularly in real estate, where new housing and warehousing projects are being developed. The company is also reviewing old assets to yield stronger returns.

Financially, Odu’a is signaling support for a shift towards profitability, with a projected profit tax nearing N2 billion for 2023, allowing for continued dividends to shareholders without interruption. Ashiru's governance style is characterized by a steady, non-disruptive approach, prioritizing clearer decision-making channels and extending the company's reach into health, education, and youth programs, thereby enhancing its community impact beyond mere profit.

Plus234Feed summary based on reporting from This Day. Read the original report below.

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