Related Keywords: ABUAD, Afe Babalola University at Ado Ekiti, factory will bounce to life, invest N twelve billion, Nigerian biggest group, Odua Investments Limited, restoration of moribund Odua Textile Mills, sealed an agreement, to Industrial park, vocational centre
Odu’a Investments Limited, one of Nigerian biggest group have sealed an agreement with Afe Babalola University at Ado-Ekiti (ABUAD) to invest N12 billion for the restoration of the moribund Odu’a Textile Mills to an industrial park/vocational centre. ABUAD will hold 60 percent stake in the deal while Odu’a will hold the remaining 40 percent.
The two partners said that part of the deal is to establish a centre where unemployed school leavers and graduates would be trained and awarded diplomas and advanced level certificates in vocation, engineering and enterprise.
