Southwest GDP is worth over $80b, says SWAgCo boss
The Gross Domestic Product of the Southwest is worth over $80b, given the over 40 million population in the region.
South West Agricultural Company Limited (SWAgCo) Chairman, Mr. Owolabi Salami, who disclosed this during the inauguration of six newly appointed SWAgCo’s board members, said he is committed to changing the landscape and investment outlook of agriculture in the region, especially boosting the region’s GDP.
He said the aim of the agricultural investment company would unlock the untapped potential of agriculture in the region to create wealth, job opportunities and contribute to the nation’s GDP growth.
The Group Chairman, Odua Investment, the parent company of SWAgCo, Dr. Segun Aina, said the new directors were appointed at a time the company is implementing its strategy for economic and social impact within the agricultural space in Nigeria.
“The new leader, who were selected through a competitive process handled by KPMG, are bringing in their wealth of professional experience and expertise at a senior level in investment, finance, agriculture and performance solutions to consolidate SWAgCo’s operation and set it on the path of achieving its mission to change the landscape of agriculture and agriculture investment in Nigeria,” he said.
Among the directors were Salami, the Chairman of SWAgCo, who recently retired from the insurance industry; Mr. Adeola Adetunji, currently the CEO, Africa for Waxed Mobile and Mvoula Group Limited; Ms. Cecilia Akintomide, currently an Independent Director on the Board of FBN Holdings Plc and Ms. Adekemi Ajayi as Non-Executive Directors on the SWAgCo board, currently an Executive Director in Odua Investment, who will be representing the group on the Board.
The CEO, Mr. Babajide Arowosafe and Mr. Adegboyega Osobu as Executive Director, were both appointed through a competitive selection process, conducted by KPMG in late 2020.
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