Odu’a Investment Company Limited, the investment holding company jointly owned by the six South-West States of Nigeria, has announced that leading credit rating agency, Agusto& Co, has upgraded its corporate rating to ‘Aa-’ with a stable outlook in its recently released 2025 Corporate Rating Report.

In a statement, the company said the upgrade from the previous rating of A+ to Aa- reflects Odu’a Investment’s improved operating income and cash flow, driven by higher dividends from portfolio companies, increased investment returns from non-equity assets, and stronger rental earnings.

The rating also acknowledges the company’s strategic repositioning, including divestments from underperforming assets and reinvestment in high-yielding portfolios managed by reputable asset managers.

Commenting on the rating, OICL Group Chairman, Otunba Bimbo Ashiru said that “This rating upgrade confirms our Board’s commitment to prudent financial management, strategic portfolio optimization, and sustainable value creation for our shareholders.

It underscores Odu’a Investment’s resilience and adaptability in navigating economic headwinds while pursuing growth in critical sectors of the economy.”

Group Managing Director/CEO, Mr. Abdulrahman Yinusa added that: “The improved rating reflects the impact of our ongoing 2020–2025 Strategic Plan which focuses on sweating assets, reviving legacy investments, and creating new income streams. As we prepare for the next phase of growth, we stay committed to strengthening our operational efficiency and delivering superior returns to our stakeholders.”