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Agribusiness: Firm set to unlock estimated over $80bn South West GDP, agric potential
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By Gabriel Ewepu – Abuja
As agriculture continues to take centre stage in Nigeria’s march to economic diversification, a firm called Odua Investments Company Limited, Thursday, disclosed moves to unlock estimated South West Gross Domestic Product, GDP, worth over $80 billion and galvanize its huge agricultural potential.
The move was made known in a statement signed by the Group Chairman, Odua Investment, Dr Segun Aina, on the inauguration of six new directors of one of its subsidiaries, SWAgCo.
According to Aina the appointment of new directors of SWAgCo is perfectly timed to ensure implementation its strategies to take advantage of the huge economic potentials in agriculture across the South West region and beyond.
Odua Investment: Southwest GDP worth over $80 billion
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Agribusiness: Firm set to unlock estimated over $80bn South West GDP, agric potential
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The Odua Investment Company Limited has said the Southwest Gross Domestic Product (GDP) is worth over $80 billion as the region has a population of 40 million people with the ability to create wealth through agriculture.
The organisation which birthed Southwest Agricultural Company Limited (SWAgCo) noted that the agricultural investment company would harness the untapped potential of agriculture in the region in order to create wealth, job opportunities and contribute to the nation’s GDP growth.
SWAgCo was invented to unlock agriculture and sub-optimised agribusiness value by transforming underinvested agribusiness opportunities within Nigeria into institutional-grade investment operations.
Meanwhile, in an effort to reposition SWAgCo, Odua group has appointed six new board members for a four-year term. The group said the development was part of a strategy to strengthen its corporate governance and repositioning the company.