Odu’a Investment Company Limited, owned by six South-West states, is targeting N1t in total assets by 2030 following the launch of its “30 by 2030” growth strategy, a roadmap officially known as SRC 2.0 (2026–2030).
The company also declared N23.58bn Profit Before Tax for the 2025 fiscal year. This was announced by the former Chairman of the company, Bimbo Ashiru, during the 44th Annual General Meeting held at the newly redeveloped Premier Hotel in Ibadan, Oyo State, on Saturday.
He said, “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.
“The year under review was marked by several strategic milestones that have permanently repositioned the organisation. This performance did not go unnoticed by the financial community.
In a significant external validation of its fiscal discipline, Agusto & Co. upgraded Odu’a Investment’s credit rating from ‘A+’ to ‘Aa-’ with a stable outlook, a direct reflection of the Board’s insistence on financial discipline and the professionalism of its treasury operations.
