Odu’a partner S’West states on power generation, begins oil exploration
BusinessdayJul 10, 2023 11:22 AM


Power generation
Bimbo Ashiru, chairman of Odu’a Investment Company said plans are 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 have taken all the complaints made by the governor. We are going to work on them. In the next few years, Odu’a presence will be felt here in Ekiti State,” he said.

Oyebanji, in his remarks, expressed displeasure about the way Ekiti was being treated like a “second-class citizen” among Odu’a Group member states, saying all member states, as shareholders, must be treated equally in the scheme of things.


The governor lamented the neglect of Odu’a Textile premises in Ado Ekiti, which he said had been abandoned for criminals to live in, adding, “If you don’t need it, we need the place.

He said Odu’a businesses and establishments were cited in certain parts, saying, “I will not agree that businesses can’t thrive here in Ekiti if that is the reason we are being excluded”.

Good move

Scammers.

Buhari and Sokoto caliphate created a scam for oil wey we never see till today and Agbadorians have followed suit.


Always envious of Igbo natural resources.

Audio as usual. Orient petroleum discovered oil in Anambra, Geometric secured Aba ring fence to transmit directly without National grid. But SW audio billoniares are busy deceiving themselves with manipulated stock exchange data. They have now resorted to propaganda by Odua, a political group with zero economic acumen

HeartlessMan:
Scammers.

Buhari and Sokoto caliphate created a scam for oil wey we never see till today and Agbadorians have followed suit.


Always envious of Igbo natural resources.

Keep on hating bro.

XerXers:
Audio as usual. Orient petroleum discovered oil in Anambra, Geometric secured Aba ring fence to transmit directly without National grid. But SW audio billoniares are busy deceiving themselves with manipulated stock exchange data. They have now resorted to propaganda by Odua, a political group with zero economic acumen

Chest pain 🤣🤣🤣

When will this people accept that thier land is barren

....

HeartlessMan:
Scammers.

Buhari and Sokoto caliphate created a scam for oil wey we never see till today and Agbadorians have followed suit.


Always envious of Igbo natural resources.

What a poisoned meal for the haters. Enemies will always be bitter. Soulless maggots.

XerXers:
Audio as usual. Orient petroleum discovered oil in Anambra, Geometric secured Aba ring fence to transmit directly without National grid. But SW audio billoniares are busy deceiving themselves with manipulated stock exchange data. They have now resorted to propaganda by Odua, a political group with zero economic acumen

The same geometric that is still struggling to start power generation, may be, in 2 months time Dey deceive yourself dey go.

HeartlessMan:
Scammers.

Buhari and Sokoto caliphate created a scam for oil wey we never see till today and Agbadorians have followed suit.


Always envious of Igbo natural resources.

Yoru as are good doing what you said while Igbos are going ways of Terrorist

..