Olubadan Inaugurates Economic and Investment Committee

The Olubadan of Ibadanland, Oba Rashidi Ladoja has raised an economic team aimed at bringing back economic revival and urban renewal in the ancient city.

Flanked by members of Olubadan-in-council, the first class monarch carried out the inauguration exercise today at the Olubadan Palace, Oke Aremo, Ibadan.

Oba Ladoja proposed Iyalaje Iyalode and two times Minister of the Federal Republic, Chief Mrs Onikepo Akande and former Head of Service of the Federation, Prof Dapo Afolabi as Chairman and co-Chairman respectively.

Other notables who made the economic team list include:

• Chief Adelodun Olaiya;
• Former Group Managing Director, First Bank of Nigeria, Dr Kazeem Sola Adeduntan,
• Bada Olubadan-Designate, Chief Dotun Sanusi,
• Agbaoye Kola Karim, and Aregbe omo Balogun, Chief Taofeek Adegboyega Adegoke,

While the former Head of Service, Oyo State, Chief Tajudeen Aremu would function as the Committee secretary.

Others are:

• Former President, Lagos Chamber of Commerce and Industry, Alhaji Remi Bello,
• Agbaakin Atayese of Ibadanland, Chief Yomi
  Idowu,
• Media promoter, Chief Owolabi Oladejo, and
• Former President and Chairman, Governing Council, Chartered Institute of Bankers of Nigeria, CIBN, Pastor Dr Bayo Olugbemi.

Oba Ladoja stated that the people of Ibadan are yearning for the glory of yesteryears when the city was a major hub of investment and economic activities.

Said he: “The question people are asking is:where is Leyland
Where is Exide Battery
Where is wire and Cable
Where is Isoglass?
Where is Ferodo?

Since the Kingmakers approved my appointment in July 2025, we have been trying to find out why these companies disappeared? How can we bring them back to generate employment opportunities for the large army of young and able-bodied youths in our midst “

The Olubadan noted that the committee members have been carefully selected because they are business brands, boardroom grand masters and succesful entrepreneurs with amazing wealth of experience from which we want to tap

The Secretary of the committee, Chief Tajudeen Aremu who spoke on behalf of the committee members pledged the readiness of the committee to meet the yearnings and aspirations of the Olubadan and his council. He expressed the hope that they would justify the confidence reposed in them.

Adeola Oloko
Media Aide,
Olubadan of Ibadanland.