In a strategic move to bolster Nigeria’s healthcare sector, Odu’a Investment Company Limited (OICL) has announced a significant investment in Iwosan Investments Limited. This partnership aims to curb medical tourism by enhancing local access to quality healthcare services. This initiative aligns with OICL’s ‘Sweat, Revive, and Create’ (SRC) 2025 strategic plan, which focuses on revitalizing and diversifying the regional economy.
Otunba Bimbo Ashiru, Group Chairman of Odu’a Investment, emphasized the importance of this investment, stating, “By investing in key sectors, Odu’a is reinforcing its efforts to reposition the region at the forefront of economic development in the country. This initiative not only demonstrates Odu’a’s aspirations at economic diversification but establishes a sustainable legacy that can thrive for future generations.”
Founded in 2019, Iwosan Investments Limited is a healthcare platform currently operating five centres of excellence in Lagos, with plans to expand into other major cities. In 2021, the company acquired Lagoon Hospitals, one of the largest fully integrated healthcare franchises in West Africa. Recently, Iwosan initiated the development of a public-private partnership project, the Lagos MediPark, designed to incorporate excellent clinical standards and expertise within a setting of world-class infrastructure. The objective is to increase access to acute specialty healthcare services to the Nigerian community, as embodied in the Iwosan promise of “We will look after you.”
The Lagos MediPark project seeks to reduce medical tourism, enhance healthcare workforce training, and provide quality medical care to millions of Nigerians. It is expected to create over 1,000 job opportunities, contributing significantly to the local economy.
Odu’a Investment Company Limited, incorporated in 1976, is a conglomerate with substantial investments in real estate, hospitality, financial services, energy, agriculture, logistics, healthcare, and ICT digital. The company’s move into healthcare is part of its strategy to position itself as a catalyst for regional and national development.
This partnership between Odu’a Investment and Iwosan Investments represents a significant step toward achieving sustainable economic growth and improving healthcare delivery in Nigeria. By investing in key sectors, Odu’a is reinforcing its efforts to reposition the region at the forefront of economic development in the country.
