How we grew Ogun Property Corporation from near-moribund to N60bn entity ― Odusolu, Ex-MD
—Says we remitted N1.9 bn in six years
Mr Jide Odusolu, a renowned property developer, is the immediate past Managing Director of Ogun State Property and Investment Corporation OPIC.
In this interview with Vanguard Homes & Property, he explains how his intervention as the chief executive officer of the corporation under Senator Ibikunle Amosun-led administration made the organisation to become a profit making entity. Excerpts.
Sir, could you tell the circumstances that led to your being appointed as the Managing Director of OPIC at the you were appointed, and what were you doing before this appointment?
I am a real estate developer. I have been a real estate developer since the year 2000. I was approached and invited in 2013 to join the administration of Sen. Ibikunle Amosun who had a mandate and desire to rebuild and transform the state from being a civil service-oriented community to one that would be business inclined.
Gov. Amosun then wanted a developer on his team and he invited me to join him. I was actually sworn in as a Special Adviser on Works and Investment in May 2014, and thereafter, concurrently assigned me the role of Managing Director, Ogun State Property and Investment Corporation.
When I joined OPIC, it was a 29-year-old corporation. It owned the largest industrial estate in sub-Saharan Africa which is Agbara Estate. Everything was run like the usual civil service establishment. We had offices that were not befitting, not computerized, staff were demoralized, equipment had run down, nothing was working.
We also had huge security challenges in our estate in Agbara where a lot of our lands had been high jacked by land grabbers and we also had a lot of clients who had defaulted in their payment obligations.
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