Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m (10372 Views)
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| Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by Nobody: 4:11pm On Aug 25, 2017 |
In Nigeria, the Odu’a Group of Companies in partnership with Afe Babalola University, Ado Ekiti (ABUAD) has revealed plans to spend N12 billion ($32.5 million) to revive its textile mill in Ado Ekiti, converting it into an industrial park. Adewale Raji (photo), the GMD of Odua conglomerate, said on the occasion of the announcement: “In this partnership, ABUAD is 60 per cent shareholder while Odu’a is 40 per cent. We are very optimistic about the sustainability of the centre. It is our hope that within a short period, we will develop a reputation for excellence through the giant strides and accomplishment of its graduates and the industrial products of the proposed industrial park.” The industrial park will comprise 31 small-scale industries which will get their materials from ABUAD. The two parties also intend to establish a vocational and skill centre as well as an academic centre where diploma in three engineering courses and Advanced level certificates would be awarded. The centre would offer training in 12 courses. Speaking at the formal presentation of the project design on Tuesday, Afe Babalola (SAN), ABUAD’s founder, expressed regret at the level of retrogression in economic and technological development of the country “We shouldn’t allow such textile mills that were the hub of Ekiti’s economy to die. But with this plan, the factory will bounce to life by becoming an employment generation, vocational and academic centre, where people can benefit,” he said. SOURCE : https://brandspurng.com/odua-group-abuad-to-revive-ado-ekiti-textile-mill-with-32-5m/ 14 Likes
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| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by samebony1: 4:14pm On Aug 25, 2017 |
ok |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by froz(m): 7:07am On Aug 26, 2017 |
Textile mill industry ooo |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by fucklikant101(m): 8:19am On Aug 26, 2017 |
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| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by Dollyak(f): 8:19am On Aug 26, 2017 |
I love this. I love the foresight of this group. 15 Likes |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by dust144(m): 8:19am On Aug 26, 2017 |
Great news |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by lakesider(m): 8:21am On Aug 26, 2017 |
Igbos will no developed their region . na marginalisation dem go dey shout 55 Likes 7 Shares |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by Flexherbal(m): 8:21am On Aug 26, 2017 |
Good! |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by Badonasty(m): 8:21am On Aug 26, 2017 |
BlueBrothers: It's ok |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by brainpulse: 8:21am On Aug 26, 2017 |
A city set up on the hill can not be hidden. No matter the envy and jealousy they will always troop to our region because we set the pace while others follows. 41 Likes |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by kokozain(m): 8:22am On Aug 26, 2017 |
This is awesome |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by NCP: 8:22am On Aug 26, 2017 |
No paper work to delay Odua, na straight to execution. Institutions of higher learning should be proactive in terms of development and industrialization. Not to forget my pals..... The other cluster of paperwork exists east of the Niger. 18 Likes 2 Shares
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| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by Benekruku(m): 8:23am On Aug 26, 2017 |
18 Likes |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by Flyingngel(m): 8:23am On Aug 26, 2017 |
Good development |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by princeade86(m): 8:24am On Aug 26, 2017 |
good |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by Sall(m): 8:26am On Aug 26, 2017 |
Another good news from the west again . Westside always the best side. 16 Likes 1 Share |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by WASMOG(m): 8:28am On Aug 26, 2017 |
good plan |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by truth4u: 8:33am On Aug 26, 2017 |
lakesider:Do you know you are a still a Nigeria because Huasa Fulani decide for you  ? Diabolical slave... Just go drink gutter water and pay your tax for rail line in daura4 Likes 1 Share |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by UncleSnr(m): 8:34am On Aug 26, 2017 |
I love this news, and for the dude that called Igbo's, bless you jare. 7 Likes 1 Share |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by SLIDEwaxie(m): 8:36am On Aug 26, 2017 |
Od'ua group... Way to go... I would like the Oduatel to be revived too. We want a working SW'tern mobile Telecoms. Flats heads can keep drooling over the oil 23 Likes 1 Share |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by yinchar(m): 8:38am On Aug 26, 2017 |
With all the money going to South South and SouthEast in terms of derivation formula and the likes, you will expect them to be in the fore front of something like this; but hell NO, their leaders will rather share the money, and scream marginalization. 23 Likes 2 Shares |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by drololaaof: 8:39am On Aug 26, 2017 |
Good idea ,please tell every body near and far to plant cotton seed and provide quality seedlings from NIHORT. 2 Likes 2 Shares |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by gabbywatch77: 8:40am On Aug 26, 2017 |
proactive people group and state not visiting a vision less bubu in Abuja. |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by solomonsly11(m): 8:44am On Aug 26, 2017 |
ALL ODUA INVESTMENT GROUP OF COMPANIES SHOULD BE REVIVED BACK TO LIVE AS SOON AS POSSIBLE. TO THE YORUBA NATION IT IS HIGH TIME WE WAKE UP FROM OUR SLUMBER. Aro toba gbon kon duro dogun(Proverb) May God bless the Yoruba land(ODUA NATION) 20 Likes 4 Shares |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by stabilizer: 8:48am On Aug 26, 2017 |
Odua' OK I Don hear, make i go check the next topic |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by DarkLover: 8:49am On Aug 26, 2017 |
Why are the comments here so full of hatred?, many didn't even bother commenting on the subject but rather attack others. This is a welcome development, Ekiti definitely need this as well as Nigeria. 3 Likes |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by davodyguy: 8:57am On Aug 26, 2017 |
This is what the SE group should be doing. To develop their region and not fight 10 Likes 1 Share |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by davodyguy: 9:02am On Aug 26, 2017 |
truth4u: Keep quiet. The guy spoke the truth. The yorubas have foresight, which is why the southwest is developed and have more than 50% of IOCs, multinationals etc companies domiciled in the SW. Odua group did that popular western house on broad street, Wemaboard estates belongs to them, as well as Cocoa house. You guys should come together to better your lives and not submit to that kid KANU, who wants to turn himself to emperor Ask yourself, since KANU has been crying for Biafra, have you seen any blueprint manifesto from him on how roads would be built, infrastructures provided? He has no other agenda that to become a king and have followers licking is a** The template laid by Awolowo is what many SW leaders built on. Alh Jakande did many things from 1979-1983, all the housing estates are still standing till date Tinubu did 30% Fashola improved on of to 60% Ambode is doing all, to beat fashola Another governor after Ambode would want to over perform and beat Tinubu, Fashola and Ambode Probe Kalu and TA Orji, what did they do? Probe chimaroke Nnamani, Probe chime, Probe ibori and peter odili Osoba did well, Gbenga Daniel did better and now Amosu has done better than both. All in South west, with visionary leaders 46 Likes 6 Shares |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by rusher14: 9:16am On Aug 26, 2017 |
truth4u: Will you shut it? The slave is one who feels he is in bondage. I cannot begin to lament how my state - Delta State, has wasted opportunities time and time again by playing politics rather than economics. By embracing corruption rather strategic positioning. You see Odua making moves to invest. Instead of introspection you come to type complete and utter rubbish. 25 Likes 2 Shares |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by kn23h(m): 9:20am On Aug 26, 2017 |
 11 Likes 1 Share |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by Toosure70: 9:25am On Aug 26, 2017 |
Why now? because Afe Babalola want to become governor. Ekiti people just mumu for my likeness. |
| Re: Odu’a Group, Abuad To Revive Ado-ekiti Textile Mill With $32.5m by EponOjuku: 9:27am On Aug 26, 2017 |
truth4u: I know it's paining you because this project is in the SW and you can't kidnap the workers or rob them. 14 Likes 1 Share |
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