Osun Govt. Investment Records High Turnover in Six Years.

Date Posted: August 26, 2017 at 6:26 am

Osun State Government owned investment agency, Osun State Investment Company Limited (OSICOL) has recorded over 700% turn over in the last six years.

The investment fortune has grown from about 300million in 2011 to about 2.6billion in 2017.

In the company’s balance sheet made available to newsmen in Osogbo revealed that the turn over represent 760% growth increment in the last six years when Aregbesola administration came on board.

A product of the company, Essence Table Water which is on high demand boost and encourages revenue base of the company.

The General Manager of OSICOL, Mrs. H. I Amade while speaking with newsmen said that the company made high sales from the water because it circulated and accepted across the country.

She noted that the improvement was achievable through Governor Rauf Aregbesola’s unflinching support for the company’s course.

According to her,  “In line of producing healthy water, most water company failed to avoid the presence of mercury in their processed water. Mercury, an element which naturally is found in air, water and soil can cause serious damage to the body when exposed to even a little of the substance.

“When exposed to mercury, the nervous, digestive and immune systems, lungs, kidney and even the skin might be affected. Mercury also exists in various forms (metallic, inorganic and organic) and these forms determine the extent of health hazard on people exposed to it.

“This is what our company has prevented in the production of our table water and it has become a driven force to our impressive revenue annually”, she added.

Mrs Amade attributed the tremendous improvement in the company’s revenue base to Governor Rauf Aregbesola’s determination and dynamism adding that the company has sustained the acceptability strength of its table water production as it is now one of the leading brands in the array of similar products in the south western Nigeria.‎

The OSICOL General Manager revealed that medical experts have seen and acknowledged the quality of the water production just as it is being recommended for use in hospitals as well as it is makeup derived from well researched materials.

She attributed the wide acceptance of the product as well as the recommendation given by the medical practitioners to mercury free value which she said has distinguished it in market.

“Aside OSICOL Water, the company has nearly completed the biggest gas station in Osogbo, the Osun State capital, delved into real estate with properties in Lagos and Abuja, the federal capital territory coupled with about 526 hectares of land in cultivating cocoa in Ibokun.
“The Osun State Investment Company Limited has also won several awards and recognition in commemoration of its excellence in being one of the leading Investment platforms in the south western part of the country.

“OSICOL has embarked on diverse business ventures as part of efforts to boost the state’s internally generated revenue drive, create wealth and sustain its economic self-reliance.

“The company which was established in 1991 has various business interests, among them, are manufacturing, bulk purchasing, training and consultancy, sales and distribution, real estate, agriculture among others”, she affirmed.

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