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Ibadan, Nigeria — Odu’a Investment Company Limited https://oduainvestment.com.ng/ has signed a ₦10 billion (approximately $11.2 million USD) cocoa export agreement with Africa’s largest cocoa exporter, marking a significant move in the company’s strategic pivot toward agriculture and agribusiness.
The announcement was made by Group Chairman Bimbo Ashiru, who confirmed that the board approved the deal as part of a broader effort to deepen the company’s footprint in Nigeria’s agricultural value chain. “Our focus is now on agriculture,” Ashiru stated, emphasizing the sector’s potential to drive sustainable growth and regional development.
The agreement is expected to strengthen Odu’a’s agribusiness portfolio and contribute to Nigeria’s non-oil export earnings. Cocoa remains one of the country’s most valuable agricultural commodities, with global demand rising and opportunities expanding for value-added processing and international trade.
A Diversified Investment Powerhouse
Odu’a Investment Company Limited is a long-standing Nigerian conglomerate with interests spanning multiple sectors, including:
- Real Estate and Hospitality
- Equipment Leasing and Construction
- Agriculture and Agribusiness
- Manufacturing and Financial Services
- Digital Technology and Oil & Gas
With operations both locally and internationally, the group is recognized for its capacity to deliver large-scale contracts and world-class business solutions. Its strategic diversification has positioned it as one of Nigeria’s most dependable corporate entities, capable of driving economic transformation across key industries and of undertaking business contracts on a global scale.
Agriculture as a Growth Engine
The cocoa deal reflects a broader trend among Nigerian corporates seeking to capitalize on agriculture’s potential to generate employment, boost exports, and reduce reliance on oil revenues. Odu’a’s investment aligns with national efforts to revitalize the agricultural sector through public-private partnerships and regional industrialization.
Industry analysts view the move as a positive signal for agribusiness development in southwestern Nigeria, where Odu’a has deep historical and operational roots. The company’s agribusiness arm, SWAgCo (South West Agricultural Company), has previously launched initiatives aimed at improving farming practices and expanding agro-processing capacity.
As global markets continue to demand ethically sourced and high-quality cocoa, Odu’a’s latest venture could position the company as a key player in Africa’s agricultural export landscape.
Odua Investment Hq, Cocoa House Ibadan by A Ayofe
