Investment in technology is the way of the future, according to Vice President Yemi Osinbajo.

He said this while receiving a delegation from the Odu’a Investment Company at the Presidential Villa, Abuja.

While he praised the conglomerate’s legacy and the vision that spawned it decades ago, Osinbajo said: “The legacy and history have a powerful appeal, but it could be that what the future demands is even greater and that’s why we need to invest in technology.”

Continuing, the VP told the delegation headed by the president of the conglomerate group, Otunba Bimbo Ashiru, that they should “look at the technology and see how to change and improve the (business) model.”

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He had previously praised the model in which experts and players can lead on economic and business matters, saying “if the private sector runs businesses, it’s much better because it will pay higher dividends.”

He advised that “it is necessary to promote the model of using smart and proven people from the private sector to manage companies and businesses in which the government has an interest.”

Earlier in his remarks, Otunba Ashiru said that Odu’a Investment Company’s vision now is to become a world-class conglomerate, known for its passion for business with a focus on agriculture and industrialization.

He further explained that the company is exploring international investments and partnerships.

For example, he revealed that the Premier Hotel located in Ibadan, Oyo State, one of the conglomerate’s best-known businesses, will now be associated with an international brand. In the new deal, the hotel will be upgraded to a five-star hotel and will increase its rooms from 87 to 120.

Otunba Ashiru informed the Vice President that Lagos State recently joined Odu’a Investment Company and was presented with its certification as a shareholder.

The Odu’a Investment Company is owned by the State Governments of South West Nigeria.

Members of the delegation included Mr. Adewale Raji, Group Managing Director; other directors like `Dr. Tola Kasali, Mr. Seni Adio, SAN and Otunba Adebola Osibogun.

Others included Mr. Babajide Arowosafe, Managing Director of SWAgCo Ltd and Mr. Victor Ayetoro, Director of Brand and Communications at Odu’a.