🇳🇬NigeriaWest Africa
Odu'a Investment targets N1 trillion in assets by 2030, reports N23.58 billion profit before tax for 2025
via Punch Nigeria3 min read
Odu'a Investment Company Limited, owned by six South-West states, aims to achieve N1 trillion in total assets by 2030 through its "30 by 2030" growth strategy, also known as SRC 2.0 2026–2030. The company announced a Profit Before Tax of N23.58 billion for the 2025 fiscal year, as stated by former Chairman Bimbo Ashiru during the 44th Annual General Meeting in Ibadan. Revenue for 2025 grew by 78 percent to N20.22 billion, up from N11.34 billion in 2024. The profit before tax saw a 410 percent increase from N4.62 billion in the previous year, primarily due to N18.81 billion in fair value gains on investment properties and a strong performance in the Nigerian stock market. Agusto & Co. upgraded Odu'a Investment's credit rating from 'A+' to 'Aa-' with a stable outlook. The redeveloped Premier Hotel in Ibadan is expected to begin full operations in the fourth quarter of 2026. Group Managing Director Abdulrahman Yinusa noted that the company is seeking its first foreign credit rating to access international debt capital markets and attract foreign direct investment. He also presented the company's first fully consolidated financial statements. New Chairman Tola Kasali committed to actualizing SRC 2.0 and ensuring continued economic development and social impact for the South-West region.
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