News

June 24, 2015

Odu’a Investment revives moribund burnt bricks factory ten years after

Ola Ajayi, Ibadan
After ten years of abandonement, the new management of Odu’a Investment Limited has resuscitated a brick making industry, Ire Clay and Burnt Brick Industry which is located in Ekiti State.

This came just as the conglomerate raised the hope of the people in the South West on the moribund Sketch Newspaper as it assured that by the end of this year, the newspaper will hit the newstand.

“Sketch is a rested newspaper and recently, knowing its importance to the. South West. We have been talking about it. It is not just rescitating the title, but coming back on a sustainable basis”.

This was disclosed by the Group Managing Director, Mr. Adewale Raji while speaking with newsmen yesterday as part of actvities marking the one year anniversary of the assumption of office of the GMD.

Mr. Raji who was flanked by Mrs. Abiola Ajayi, the company’s secretary and Mr. Babajide Oyebola, Principal Assistant(Strategy) said, “it is my special pleasure to announce the successful completion of the Ire Clay and Burnt Bricks project in Ekiti State. I am delighted to share with you the exciting news of the roling out of the first set of fired bricks on Tuesday June 16, 2015 afterabout 10 years of the abandonment of the factory closed down.

It is indeed a big relief that many years of toiling and perseverance, we were finally able to see finished blocks roll out from the factory. We will never be complacent. Rather, we shall champion the articulation and implementation of strategies that will drive the long term growth, profitability and social relevance of the project in conjunction with our partner, the Ekiti State Government”.

He spoke further that, “the company has also commenced search for credible local and foreign technical investors as partners in its target sectors of the Nigerian economy”.

He added that the leadership of the company was working towards “stimulating growth and enhanced profitability in our existing subsidiaries in real estate, hospitality and insurance brokerage. Attention is also focussed on our re-entry into manufacturing and agro-allied businesses which are all in alignment with the strategic thrust of the federal government as we attempt to diversify the economy and liberate it from the cynical shocks of global crude oil pricing”.