A non for profit making organisation, O’dua Investment Company Limited, said it has concluded plans for the inauguration of O’dua Investment Foundation.
In a statement, the Chairman, O’dua Investment Company Limited, Otunba Bimbo Ashiru, announced this while addressing journalists in Lagos.
Ashiru explained that the foundation was set up to sustain the ideals of its founding fathers in the areas of human capital development, youth empowerment, and healthcare.
He said, “It is a known fact that there is a universal correlation between business performance and corporate social responsibility. It is also a fact that companies that contribute meaningfully to solving societal challenges such as education, job creation, health, and youth empowerment, often reap the dividends, some of which are brand promotion and profitability.”
He said that the move was in furtherance of one of the objectives of the Oduá Investment Company’s five- year Strategic Plan to give back to the people of the Southwest states of Oyo, Ondo, Ogun, Osun, Ekiti, and Lagos.
According to him, “Oduá Investment Company Limited, the investment hub of Southwest Nigeria September 2021 incorporated the Oduá Investment Foundation at the Corporate Affairs Commission to serve as an independent social corporate arm of the company to give back to society and improve the life and livelihood of the citizenry within the confine of the owners states, thus complementing the efforts of the state governments in impacting lives meaningfully to its people.”
Ashiru highlighted the priority areas of the foundation including education, healthcare, and youth empowerment.
He said, “The Youth empowerment covers information technology capacity building for youths; creation of innovation hubs and incubation centers; strategic job creation; investing and supporting youths in the agriculture sector.