News - News Agency Of Nigeria

Odu’a Investment plans 54-housing unit estate to address deficits (Page 1,678)

By Rukayat Adeyemi

Odu’a Investment Company Ltd.(OICL) has unveiled plans to complete a 54- housing unit estate in Lagos within the next 18 months.

Chief Bimbo Ashiru, Chairman of OICL, disclosed this at the groundbreaking event for the Aurora Westlink Estate on Thursday.

He said that the collaborative effort between OICL through its real estate subsidiary, Wemabod Ltd., and Aerofield Homes Ltd., was in a bid to addressing housing deficits.

According to him, the effort also showcases a commitment to providing quality residential spaces.

The News Agency of Nigeria (NAN) reports that the estate, situated on approximately 11,000 square meters of land, will consist of 54 units featuring terrace, penthouse, maisonette apartments, and separate room boys quarters.

Ashiru said that the construction of the estate is funded by the six South-west states, being the shareholders of OICL, in partnership with OICL real estate subsidiary, Wemabod and Aerofield.

The chairman explained that in line with Odu’a Group’s strategic intent for real estate, it brought on board Wemabod Ltd., with its 62 years of expertise to be instrumental in the development of the Aurora Westlink Estate and its other real estate projects.

He noted that the Odu’a group had been upgrading its business network and subsidiaries, particularly focusing on real estate assets to align with industry standards.

Ashiru hinted that the group plans to develop not less than 1,000 homes within the next two to three years across the country, with numerous partnerships.

“We acknowledge the privilege of contributing to the growth and prosperity of our region and Nigeria, thanks to the legacy of the Odu’a Group.

“We have embarked on upgrades and optimisation of our existing assets with the Cocoa House, Aje House, Western House, Unity House, Awolowo Glass House, Lagos Airport Hotel, among others, with many other developmental efforts in the future.

“We invite you to invest in our real estate developments and explore opportunities across various sectors. Our commitment is to deliver sustainable returns and manage risks effectively.

“Despite challenges, we remain confident in our leadership and collaborative efforts,” he said.

In his remark, Mr Adewale Raji, Group Managing Director, OICL, said the decision to construct Aurora Westlink Estate was driven by a thorough analysis of market dynamics and a clear vision for the future.

Raji noted that the potential benefits of the strategic decision were significant, as OICL anticipated improved efficiency, enhanced market positioning and accelerated growth in the real estate sector.

He assured Nigerians of OICL’s full commitment to supporting the success of the new project and beyond.

“By aligning our real estate ventures with Wemabod Ltd., we are poised to unlock new opportunities, streamline operations, and maximise value for our stakeholders.

“With Wemabod’s proven track record and expertise in the industry, we are confident in our ability to capitalise on emerging trends and collaborations with strategic partners such as Aerofield Homes and deliver exceptional value to our customers.

“Looking ahead, our expectations for the future of the real estate sector under Wemabob’s leadership are high.

“We envision a future where Aurora Westlink Estate stands as a testament to our collective vision and commitment to excellence,” the managing director said.

According to him, OICL is ready to provide the necessary resources, expertise, and guidance to ensure the fruition of the project with collaboration and synergy within the group.

Also, Mr Yemi Ejidiran, Managing Director, Wemabod Ltd., said that the project had been meticulously planned to express the company’s knack for quality luxury product offering.

Ejidiran noted this was in a bid to continue the signature brand that Wemabod had become.

Describing the Odu’a group’s move as that of wisdom and foresight, Ejidiran said the project stood as a resounding testament to the group’s commitment to excellence and strategic foresight.

Commenting, Mr Armstrong Akintunde, Managing Director, Aerofield Homes Ltd., said appreciated the board, management and shareholders of OICL for considering to partner with Aerofield on the laudable project.

Akintude stated that Aerofield team is highly professional, dedicated and committed to deliver the project as planned, noting that the large part of the job, which includes the design and construction of the foundation has already been done.(NAN)(www.nannews.ng)

Edited by Olawunmi Ashafa

Odu’a Investment plans 54-housing unit estate to address deficits

By: Vivian Ihechu

On: May 4, 2024

In: General News

With: 0 Comments

By Rukayat Adeyemi Odu’a Investment Company Ltd.(OICL) has unveiled plans to complete a 54- housing unit estate in Lagos within the next 18 months. Chief Bimbo Ashiru, Chairman of OICL, disclosed this at the groundbreaking event for the Aurora Westlink Estate on Thursday. He said that the collaborative effortContinue Reading

Air cargo agents inaugurate BoT, call for more collaboration

By: Vivian Ihechu

On: May 4, 2024

In: Aviation

With: 0 Comments

By Itohan Abara-Laserian The Domestic Airport Cargo Agents Association (DACAA) has inaugurated its Board of Trustees (BoT), while calling for more collaborations with aviation agencies for a favourable nation building. Members of the BoT and patrons were inaugurated on Friday in Lagos. Chairman of the BoT, Mr Ikpe Nkanang,Continue Reading

FG unveils initiatives to strengthen malaria elimination efforts in Nigeria

By: Tosin Kolade

On: May 3, 2024

In: Health

With: 0 Comments

By Abujah Racheal The Federal Government has unveiled a comprehensive range of initiatives designed to expedite the eradication of malaria in Nigeria. Prof. Muhammad Pate, the Coordinating Minister of Health and Social Welfare, made the announcement on Friday in Abuja at a High-level Dialogue on Accelerating Malaria Elimination in Nigeria.Continue Reading

Wema Bank marks 79th anniversary

By: Folashade Adeniran

On: May 3, 2024

In: Banking

With: 0 Comments

By Grace Alegba Wema Bank on Thursday marked a joint celebration of its 79th anniversary and seventh year of its fully digital bank, ALAT. Its Managing Director/Chief Executive Officer, Mr Moruf Oseni, disclosed this in a statement in Lagos. Oseni said the significant celebration commemorated nearly eight decades ofContinue Reading

Alumni association says poised to lead technological revolution in agriculture

By: Tosin Kolade

On: May 3, 2024

In: Agriculture

With: 0 Comments

By Felicia Imohimi The Faculty of Veterinary Medicine, University of Nigeria, Nsukka Alumni Association (FVMUNNAA), says it is positioned to lead technological revolution in agriculture across the country. Prof. Lawrence Okonkwo, National President of the association, communicated this at the maiden National Symposium and Annual General Meeting of FVMUNNAA inContinue Reading

Nigeria, first country to acquire cosmic rays detector in Africa – NASRDA

By: Tosin Kolade

On: May 3, 2024

In: Science & Tech

With: 0 Comments

By Ijeoma Olorunfemi The National Space Research and Development Agency (NASRDA) says Nigeria is the first country in Africa to acquire a cosmic ray muon detector to aid climate change and atmospheric research. Prof. Babatunde Rabiu, Director, UN- African Regional Centre for Space Science and Technology Education in English (UN-ARCSSTEE),Continue Reading

Mrs Martina Biene, President, AAAM; Mr Oluwemimo Osanipin, Director General, NADDC and other stakeholders

Stakeholders advocate policies, collaborations to advance Nigeria’s automotive manufacturing

By: Afonne Emmanuel

On: May 3, 2024

In: Science & Tech

With: 0 Comments

By Rukayat Moisemhe Automotive manufacturing stakeholders have called for right policies and collaborations aimed at advancing Nigeria’s automotive manufacturing sector and supporting its transition from import-based to production-based. They made the call at a meeting of officials of the African Association of Automative Manufacturers (AAAM), Nigerian Automotive Manufacturers Association (NAMA)Continue Reading

Press freedom not license to spread fake news, Minister says

By: Tosin Kolade

On: May 3, 2024

In: General News

With: 0 Comments

By Collins Yakubu-Hammer Alhaji Mohammed Idris, the Minister of Information and National Orientation, says press freedom is not a license for practitioners to spread fake news, misinformation and disinformation. Idris stated this on Friday in Abuja while responding to questions from Journalists at the joint Ministerial Press Briefing in celebrationContinue Reading

Degree mills: FG to flush out fake certificate holders

By: Tosin Kolade

On: May 3, 2024

In: Education

With: 0 Comments

By Funmilayo Adeyemi The Minister of Education, Prof. Tahir Mamman has pledged to flush out persons in public and private organisations working with fake certificates. Mamman made this known while speaking in Abuja on Friday when he received the report of an Inter-Ministerial Investigative Committee on Degree Certificate Milling fromContinue Reading