Lagos, Nigeria – Odu’a Investment Company Limited (OICL) has announced the redevelopment of the iconic Obafemi Awolowo House in Ikeja, Lagos, into a state-of-the-art Awolowo Technology Mall, a move aimed at preserving its heritage while driving digital innovation and economic growth. The groundbreaking ceremony took place on Wednesday at the project site in Ikeja. Speaking at the event, Otunba Bimbo Ashiru, Group Chairman of Odu’a Investment, described the project as a “bold step in the strategic evolution of the Odu’a Group,” emphasizing that it aligns with the company’s transformation agenda and commitment to unlocking value from legacy assets. “This redevelopment is a clear statement of our resolve to preserve our heritage while positioning our assets for relevance in today’s and tomorrow’s marketplace,” Ashiru said. The Awolowo Tech Mall is expected to serve as a hub for technology firms, startups, and service providers, providing a launchpad for youth innovation, business incubation, and tech-driven enterprises. According to OICL, the project reflects a shift from passive asset management to proactive, value-driven real estate investment, under its subsidiary Wemabod Limited, in partnership with El-Salem Nigeria Limited. Doubling Capacity and Embracing SustainabilityThe Managing Director of OICL, Yinusa Abdurahman, noted that the new facility will more than double the commercial space from 4,800 sqm to approximately 9,000 sqm. He added that the project is designed as a “smart, sustainable facility” and will play a critical role in Lagos’ economic development and digital transformation. “The Awolowo Tech Mall will not just be a mall; it will be a dynamic commercial ecosystem, an innovation hub positioned to power creativity and business growth across Nigeria and West Africa,” said Ben Gbade Ojo, Chairman of El-Salem Nigeria Limited, the construction partner for the project. Heritage Meets the FutureOriginally designed in 1978 by Towry Coker Associates, Obafemi Awolowo House was once a symbol of modern architecture in Nigeria. Odu’a says the redevelopment will retain its legacy while adapting to the needs of a fast-evolving digital economy. OICL also announced an upgrade in its corporate credit rating to AA- by Agusto & Co, reflecting strong financial performance and governance. The Awolowo Tech Mall, strategically located along Obafemi Awolowo Way near Computer Village in Ikeja, is envisioned to become a magnet for commerce, technology, and entrepreneurship in Lagos and beyond.
