Odu’a inaugurates Tinubu’s ex-commissioner as chairman, targets N1tr assets by 2030
Odu’a Investissement Company Limited has inaugurated former Lagos State Commissioner, Dr. Tajudeen Tola Kasali, as its new Group Chairman, with an ambitious plan to grow the conglomerate’s total assets to N1 trillion and achieve N30 billion cash-backed profit before tax by 2030.
Kasali, who served under President Bola Ahmed Tinubu during his tenure as Governor of Lagos State, formally assumed office at the company’s Board of Directors meeting held on July 30, following the announcement of his appointment at the 44th Annual General Meeting of the company on June 26 at the redeveloped Premier Hotel, Ibadan.
Kasali succeeds Otunba Bimbo Ashiru, whose four-year tenure ended in line with the company’s rotational chairmanship policy among its six shareholder states in the South-West. Ashiru will, however, remain on the board until 2028 to ensure continuity and institutional stability.
A medical practitioner and public administrator, Kasali has been a director of Odu’a Investment since 2020. He previously served as Executive Chairman of Ibeju-Lekki Local Government and later as Lagos State Commissioner for Rural Development, Health and Special Duties.
He was also credited with championing the establishment of the Lagos State Emergency Management Agency (LASEMA) and the Lagos State Safety Commission.
Speaking after his inauguration, Kasali expressed appreciation to the board and shareholders for the confidence reposed in him, pledging to consolidate on the achievements of previous administrations.
Kasali identified the implementation of the company’s SRC 2.0 Strategic Framework (2026–2030) as his immediate priority.
According to Kasali, the strategy, built on the philosophy of “Sweat, Repurpose and Consolidate,” seeks to position Odu’a Investment as one of Africa’s leading regional investment conglomerates by delivering N30 billion in cash-backed profit before tax, N1 trillion in total assets and N50 billion in group revenue by 2030.
Kasali said the company would continue to pursue sustainable investments while creating long-term value for its shareholders across Oyo, Ogun, Osun, Ondo, Ekiti and Lagos states.
The board described Kasali’s emergence as a continuation of the company’s commitment to sound corporate governance and seamless leadership transition.
It also laued Ashiru for providing strategic leadership that repositioned Odu’a Investment from what it described as an asset-rich but underperforming enterprise into a strategy-driven regional investment conglomerate.
During Ashiru’s tenure, the company recorded a profit before tax of N23.58 billion in the 2025 financial year, completed the implementation of its SRC 1.0 strategic framework, revitalised key assets including the redevelopment of Premier Hotel, Ibadan, and secured an upgrade of its credit rating by Agusto & Co. from A+ to Aa-.
The board expressed confidence that Kasali’s experience in healthcare, governance and strategic leadership would drive the successful implementation of the SRC 2.0 agenda and sustain the company’s growth trajectory.
