Home Africa Message Delivered by President, Odua Chambers of Commerce, Industry, Mines & Agriculture ( Oduaccima), Chief Kola Akosile, at The Oduaccima 2020 AGM Holding at Oduaccima Hall
Message Delivered by  President, Odua Chambers of Commerce, Industry, Mines & Agriculture ( Oduaccima), Chief Kola Akosile, at The Oduaccima 2020 AGM Holding at Oduaccima Hall

Message Delivered by President, Odua Chambers of Commerce, Industry, Mines & Agriculture ( Oduaccima), Chief Kola Akosile, at The Oduaccima 2020 AGM Holding at Oduaccima Hall


Distinguished Council members

It gives me great honour to present to you this Presidential Address today at this epoch making event, which is our 2020 AGM marking the end of the tenor of the ODUACCIMA Exco and Council for 2018- 2020.

Let me start by first thanking the Almighty God for His protection over us all through the period of our tenor.
I want to also express my sincere appreciation to our elders, National officers at NACCIMA and past Presidents of ODUACCIMA for their support and guidance. The solid foundation they laid was the bedrock on which we were able to build and leverage our activities upon.

As the apex body for the Organized Private Sector (OPS) in the South West Region, we focused on achieving sustainable growth and development fully anchored on and through MSMEs, Agribusiness, Women and Youths. We were actively involved in facilitating trade promotion, advocacy, funding and transfer of technical know-how as part of the services to our members and the nation at large, and am sure the incoming Executive will continue to do this and even surpass what we were able to achieve.

At this jucture, permit me to highlight some of the major achievements of our Exco and the challenges we faced.

I will like to present our modest achievements as follows:


Since its inception in 1996, ODUACCIMA has undergone various changes and development in terms of constitutional amendments which culminated in it’s being registered at the CAC as a Limited Liability Co in 2014 with a Memorandum & Articles of Association (MEMART). To give a 21st Century SOUL to ODUACCIMA, we set out to review the MEMART in line with International Best Practices and Good Corporate Governance. Am happy to say that a new MEMART is being put in place to guide ODUACCIMA activities in consonance with global standards.

    We were able to also put in place a good structure headed by a vibrant and intelligent Director-General, Mr David Awotipe who was chosen after a thorough and competitive process.

This has enabled us to have a structure for Presidents’ Forum and also another one for the DGs which are both used to drive the efficient dissemination of information and effective implementation of projects and programs.

To adequately support the Soul and Structure in place, we were also able to undertake the following:

  • develop and institutionalize operational systems which include periodic reports by State Chambers and Groups such as NAWORG and NYE.
  • printing of periodicNEWSLETTER
  • implementation of Accounting Policies and Procedures to guide our financial activities.
  • renovation of Secretariat and office space. ( Special appreciation goes to Iyalode Alaba Lawson, Barrister Dele Oye & Alh Olaleye for their donation of Airconditioning units)

Recognizing the fact that ODUACCIMA cannot function effectively as a regional Chamber without vibrant State Chambers supported by active City Chambers, we embarked on a project to actively revitalize and re-awake our dormant States and City Chambers. To the Glory of God, am glad to say here today that, within the last 2 years, Osun Chambers of Commerce has not only come alive to re-position itself strategically in NACCIMA and ODUACCIMA, Osun will be taking over the Presidency of ODUACCIMA and the following City Chambers under it have been fully reactivated; Osogbo Chambers of Commerce; Ilesha Chambers of Commerce; Ife Chambers of Commerce while Ede Chambers of Commerce is gradually coming up. The same goes for other States’ Chambers of Commerce in Odua Region such as Ekiti Chambers of Commerce with re- activated City Chambers of Commerce at Ado, Ikere, Ero, Efon and Ijero. At Ondo State Chambers of Commerce, we have active and re-activated City Chambers at Akure, Owo, Akoko, Ondo, Okitipupa, Ile-Oluji and Ilaje, while in Oyo State, Ibadan City Chambers and other City Chambers in Oyo, Shaki and Ogbomosho have been always active and are now being strengthened. In Ogun , we have active City Chambers at Abeokuta, Ijebu, Ota-Agbara, Yewa and Sagamu, while arrangements have recently been concluded for Lagos to join us at ODUACCIMA with their active City Chambers at Lagos, Ikorodu, Badagry, Ikeja and Epe.

It is my special pleasure to inform you all that ODUACCIMA has recently formalized its affiliation as an Associate Member with the national body NACCIMA and the relevant subscription already paid. This is to further strengthen its voice and participation in National activities while at the same time attracting benefits and privileges.

In the spirit of all- inclusiveness and fair representation, the positions, privileges and benefits accruing to the region are now being apportioned in a way and manner that promotes fairness and the oneness of awa omo Odua. In this regards, am happy to report that ODUACCIMA was able to achieve the following for the very first time in the 60- year history of NACCIMA:
i) A NACCIMA 2nd Deputy National President from another state apart from Ogun and Lagos, in person of Otunba Barrister Dele Oye from Ekiti State.
ii) A National Vice President from Osun, in person of Alh. Bayo Jimoh.
iii) A National Vice President from Ondo, in person of Senator Remi Okunrinboye.
iv) A Honorary Life Vice President for Asiwaju Olaitan Alabi, from Oyo. This position is usually reserved for only past national presidents.

This trend am sure will continue into the future and will be further streamlined and extended to include appointments into Boards of Federal Parastatals and MDAs.

    To enable us deliver on our mandate, especially to link with regional, national and international opportunities ODUACCIMA actively collaborated with regional bodies such as DAWN Commission, Odua Group, etc and international agencies which include; IITA, USAID, DFID, GIZ, etc.

I want to reiterate our resolve to continue to partner and collaborate with NBTI, NOTAP, SMEDAN and as many organizations and agencies that are looking forward to development of innovators and entrepreneurs in commerce, industries, Mining and Agriculture in the southwest Nigerian.

Some of our activities in specific terms are the following:
i) Signing of MOU with Abuja Chambers of Commerce
ii) Signing of MOU with MIND-THE GAP for Digitalization of our secretariat and those of State Chambers.
iii). Signing of MOU with West Africa Vocation Education ( WAVE)
iv). Engaging the Nigeria Stock Exchange (NSE) on Capital Raising by MSMEs in South West.

Despite The New Normal ” way of doing business after the destabilizing effects of Covid-19, some of the projects we are actively involved in are; i) Institutional Strenthening Framework by DFID- PERL ;
2) Dagbolu International Trade Center; and a host of others.

Apart from the usual focus on activities in Commerce, Industry, Mines and Agriculture, we also strengthened the Specialized Interest Groups for Women and Youth who both constitute over 70% of the econony
For women, we have NACCIMA Business Women Group ( NAWORG) and for the youths, we have NACCIMA Youth Entrepreneurs (NYE) . Both of them have structures from the national level to the regional, state and city levels to enable us focus on the specific and specialised needs. They are integral parts of the Chamber movement and not parallel structures.

In terms of access to finance, ODUACCIMA was able to facilitate members access to various FGN pre and post Covid-19 Intervention schemes such as MSMEDF, GEEP ( Marketmoni & Tradermoni), Covid-19 loan, AGSMEIS, Survival Loan. Work is also going on in respect of the recently launched NYIF.

Agribusiness is a major growth area for industrial raw materials and food security. We at ODUACCIMA strategically position ourselves for this, using a value- chain approach. We collaborated with DFID/PERL and engaged in projects and initiatives such as AGBETUNTUN , which is a paradigm shift and digital transformational approach to sustainable commercial gribusiness value- chain development. Also, a 5-year agribusiness initiative for youths, tagged ” Youths Connect to Work in Agribusiness sponsored by Mastercard Foundation & Cellulant and anchored by Corporate Farmers International will be taking off soon in some selected states in the region. ODUACCIMA will be actively engaged in the program.

In recognition of their support and assistance to the socio-economic development our region, Awards will be given during the inauguration to some notable and distinguished sons and daughters of Odua which includes our one and only, Baba OONI,Oba Adeyeye Ogunwuyi His Imperial Majesty for his constant unwavering support to ensure that we in the Yoruba nation are economically buoyant, through his numerous empowerment programs, especially for youths and women.

We encountered some challenges during our tenor. These can be categorized into external and internal.

i) Operating Environment: The operating business and economic environment was very challenging and this was further worsened by rampaging effects of the global pandemic of Covid-19, #Endsars & climatic change.
ii) Inconsistent Government Policies: Another challenge faced was inconsistent Government policies which negatively affected our members.

i) Finances:
Our finances has not been rosy, especially with States not paying their Annual dues, despite the waiver granted to write-off all pre 2019 outstandings.

Of particular mention is Ogun which is the most viable and advanced State Chamber out of all of us but has the highest outstanding dues of N400k. This is definitely not a case of inability but that of unwillingness, especially considering the fact that Treasurer is from Ogun. Our detailed Financial Report will be presented by the Treasurer.

ii) Staffing & Institutional Capacity: The secretariat is grossly understaffed while the secretariat of State Chambers lack adequate institutional capacities.

Once again, I thank you all for coming and wish us all fruitful deliberations

God bless

Chief Kola Akosile
15th December, 2020


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