As the nation battles with a housing deficit for its increasing population, Odua Investment Company Limited (OICL), has disclosed plans by the Group to build over 1,000 homes across the country within two and three years.
This was disclosed yesterday in Lagos by the Chairman of the Group, Otunba Bimbo Ashiru, during the groundbreaking ceremony for Aurora Westlink Estate in GRA Ikeja, by one of its subsidiaries, Wemabod Limited.
In his remark, Ashiru noted, “Odua Group has been upgrading its business network and subsidiaries, particularly focusing on real estate assets to align with industry standards.”
Ashiru further disclosed that the company has embarked on upgrades and optimisation of their existing assets such as Cocoa House, Aje House, Western House, Unity House, Awolowo Glass House, and Lagos Airport Hotel among others, with plans for some other developmental efforts in the future.
“In line with our strategic intent for real estate, we have brought on board Wemabod Limited, with its 62 years of expertise to be instrumental in the development of the Aurora-Westlink Estate and other projects.