Odu'a Investment Company
| Formerly | Odu'a Group |
|---|---|
| Company type | Private, Holding company |
| Industry | Real estate, insurance brokerage |
| Predecessor | Western Nigeria Development Corporation(1959 -1973), Western States Industrial Investment and Credit Corporation (1973-1976) |
| Founded | 1976 |
| Headquarters | Cocoa House, |
| 1.353 Naira (2018) | |
| Total equity | 118 Billion Naira (2018) |
| Owner | Ogun State, Oyo State, Ondo State, Ekiti State, Osun State,Lagos State |
| Subsidiaries | Wemabod Estates, Cocoa Industries, Westlink Integrated Agriculture, Glanvill Enthoven Insurance Brokers |
Odu'a Investment Company Limited also known as OICL is a strategic investment and asset management firm founded in 1976 to hold and manage the industrial and commercial assets of companies owned by the government of the Western State of Nigeria. Its creation was brought about after new states were carved out of the Western State in 1976 and it began operations with inherited assets of the Western Nigeria Development Company.
From about seventeen subsidiaries where it maintained majority interest in 1985, it had decreased to seven subsidiaries in 2019. The manufacturing and industrial interests of the firm has shrunken but the firm has continued to make investments in the real estate sector and also continues to maintain minority participation in many legacy assets such as WEMA Bank, Tower Aluminium and Nigerite.
OICL operations have been impacted both by national and regional political and economic developments. During a period of military rule, military governors automatically became board members but changes in government or redeployment of governors negatively impacted board stability. In civilian administrations, appointment into the board is sometimes based on political patronage not on knowledge or skill, with appointees acting as representatives of their respective states of origin.