WEMABOD chair unveils plan to hedge inflation, FX crisis

The new chairman of WEMABOD Limited, Nureni Adisa, has unveiled what he called a five-strategic development plan for the company to hedge against inflation, and currency fluctuations and bridge infrastructural deficits in the country.

Adisa, who took over from Emmanuel Efuntayo as the chairman of the foremost property development company, noted that Nigeria’s economy is characterised by a mix of resilience and volatility.

These challenges, he said, also present opportunities for growth driven by urbanisation, a burgeoning middle class and a renewed focus on infrastructure development.

According to him, they also present the company with a unique opportunity to leverage its capabilities in property development to contribute to the economic recovery while enhancing shareholders’ value.

He outlined the plans to include portfolio optimisation of real estate assets, growth and diversification, financing and investment capital, operational excellence as well as people and culture.

Adisa said the board would foster a culture of collaboration, continuous learning and innovation.

“By investing in our workforce, we can drive engagement and build a strong organisational identity that reflects our core values.

“Emphasis will be laid on education and training both in-house and externally,” he said.

To achieve the strategic plans, Adisa said he would, in the first and second quarters of next year, focus on portfolio assessment and optimisation by conducting a comprehensive analysis of the current assets and initiate repositioning strategies to be followed by market expansion.