Odu’a Investment renovates Cocoa House after 59 years
The iconic Cocoa House in Ibadan, Oyo State, has been renovated for the first time in 59 years, marking a significant milestone in the building’s history.
The newly commissioned renovations include the ground floor reception, an upgraded car park, and improved surroundings.
Governor Seyi Makinde, represented by his Chief of Staff, Segun Ogunwuyi, at the commissioning ceremony on Thursday, reaffirmed his administration’s commitment to initiatives that promote the development of the South-West, particularly those that honour the contributions of the region’s founding fathers.
“We must continue to uplift the legacies of our predecessors and foster progress through collaborative efforts
“This building is a testament to our shared heritage and economic potential, and its renovation is a symbol of both our past achievements and our future aspirations,” Makinde said.
The Odu’a Investment Company Limited, Bimbo Ashiru, described the renovation as part of the group’s ongoing efforts to preserve and strengthen the legacies of Western Nigeria.
He highlighted the significance of Cocoa House as a beacon of economic resilience, which has shaped the region’s narrative for decades.
“Today, as we stand before this historic edifice, we are reminded of the importance of honouring our past while building for the future.
“This renovation, including the development of a modern open office space on the 21st floor, is a bold step towards ensuring that Cocoa House remains functional and adaptable to modern demands,” Ashiru said.
OICL’s Group Managing Director, Abdulrahman Yinusa, noted that Cocoa House, Nigeria’s first skyscraper, holds deep historical and economic significance, particularly for the South-West region.
He emphasised that the building’s renovation was crucial to modernizing the iconic structure while maintaining its role as a hub for business and tourism.
“As Nigeria’s first skyscraper, Cocoa House is intertwined with the success of the agricultural sector, particularly cocoa, which was once the backbone of our economy.
“This commissioning represents our commitment to ensuring that Cocoa House remains a place of pride and a functional space for future generations,” Yinusa said.
Dignitaries at the event included representatives of the five South-West state governors, the Chairman of the Development Agenda for Western Nigeria Commission, Seye Oyeleye, and other key stakeholders.
