Odu’a Investment Signs ₦10 Billion Cocoa Deal, Reaffirms Focus on Agriculture

August 20, 2025

By Ayinde Adeleke

The Group Chairman of Odu’a Investment Company Limited, Mr. Bimbo Ashiru, has announced that the conglomerate has signed a ₦10 billion cocoa deal with Africa’s largest cocoa exporter, reaffirming its commitment to driving agricultural development in the South-West.

Ashiru disclosed this during the grand finale of Cocoa House @60 celebrations held on Tuesday, August 19, at the iconic Cocoa House in Ibadan, Oyo State.

“I have to be honest with you, our focus is now on agriculture. I am happy to tell you that on the day of our AGM, we signed a deal with the largest exporter of cocoa in Africa. We signed about over a N10 billion deal with them, and we are going to focus on that area – cocoa and cassava,” Ashiru stated.

The Group Chairman further emphasized the importance of reviving the region’s agricultural heritage, while challenging governors of the South-West states to establish landmark monuments similar to Cocoa House in their respective domains.

“I will challenge the South-West governors to establish a monument in each state that could be named Cassava House, Timber House, or Rubber House. We need to bring the old glory back,” he added.

The Odu’a Group, historically rooted in agribusiness, appears poised to leverage its heritage and resources to boost food security, generate revenue, and create employment across the South-West.