Odu’a Targets Investment in Oil, Gas

Malaysian Ringgits And Stock Boards Inside RHB Investment BankMalaysian ringgit banknotes are counted in an arranged photograph at the RHB Investment Bank Bhd. Photographer: Brent Lewin
  • Odu’a Targets Investment in Oil, Gas

Odu’a Investment Company Limited is planning to expand its business scope by venturing into the oil and gas sector.

The company, which is owned by the six South-West states, is currently involved in a wide range of business activities except oil and gas.

To actualise its entry into the sector, the company has sent representatives to this year’s Nigerian Content Workshop, which starts in Owerri today (Monday). The event is being organised by the House of Representatives Committee on Petroleum Resources in collaboration with the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation, Nigerian Content Development and Monitoring Board, and the Petroleum Technology Development Fund.

While explaining the group’s participation at the workshop, the Head, Corporate Affairs, Odu’a, Victor Ayetoro, said the management aimed at meeting stakeholders in the oil and gas sector at the workshop as part of its entry into the sector.

He stated, “Odu’a participation will provide a platform to interact with stakeholders in the oil and gas industry and also attract investment opportunities to the group, particularly in its insurance business, which is billed to showcase its various products and opportunities to the oil and gas industry.

“Also, Odu’a will take the exhibition opportunities to showcase its investment footprints, which include agro-allied business, real estate development, hospitality, insurance brokerage and construction.”

Ayetoro said that the Group Managing Director/CEO of Odu’a, Adewale Raji, was among those who would address the gathering at the workshop.

“Raji will be speaking on the topic, ‘The challenges to actualising local content in insurance for oil and gas industry,’” he said.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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