THE CONTRIBUTION OF ADESOYE HOLDINGS NIG. PLC TO THE ECONOMIC DEVELOPMENT OF OFFA 1982 TO 2009
1.1 BACKGROUND OF THE STUDY
Adesoye holdings are a multi-company organization, which is situated in Offa Local Government area of Kwara. Although, it has branches all over the country, but its headquarters based in Offa. is a known town in Western Nigeria and it is a town in present day Kwara state. Oa is located on latitude 8100 North
and longitude 4400 east on the map of Nigeria. The town occupied a prominent position in pre-colonial Nigeria history. Its eminence rested on the fact that itplayed a crucial role in the socio-economic and political events that took place in Yoruba land. For example, Moremi, an heroine in Yoruba history came from to save the People of Ife from the incursion of the Igbos. Also, the Bashorun in AlaafinOjigi,s reign, died in a ditch while he was leading an expedition towards Oa.
The town also played host to the Fulani Jihadists from Ilorin. The process of territorial conquest led to the subjugation of Oa in the 1830s. it featured prominently in the Ekiti-Parapo wars at the end of which the British came to dictate peace in 1893. All these demonstrated the socio-economic importance of Oa
before and during colonial period. Apart from the above, however, Oa dwellers engaged in various commercial economic activities such as farming, crawork e.g. weaving, blacksmith, goldsmith, pot-making and calabash decoration. It was noted through an interview that only fishing work is not prominent in the area.
1.2 AIMS AND OBJECTIVES
The Adesoye holdings is an economic organization that is non-governmental in funding, but has board of directors with Chief E.O. Adesoye as the chairman of the Board of Directors. The Adesoye holdings was sub-divided into groups with each of them producing one thing or the other, which have no doubt, better
the lots of Oa citizen, Kwara as a whole, and Nigeria at large. The organization has its aim and objectives as “conformability and enjoyment at low cost”.Therefore, all the branches of the holding take part one way or the other in achieving this aims and objectives. This work is set to discuss the history of Adesoye Holdings, how it came to being, its early formation stages, various challenges encountered by the chairman
board of directors in ensuring the sustainability of the age-long achievement of the holdings.
Without mincing words, the study would let the entire holdings know the importance of the good work they are doing for the community that enjoyed their services, and as such should continue in the good work they’ve embark upon, thus it also aim at telling the society to be suggestive whenever they have any
advice that can move the Adesoye Holdings forward, as they stand to lose a lot if the holdings fail in its productions. This essay is embarked upon to make an in-depth study of Adesoye Holdings in Oa.
It also looks into the roles, aims and objectives of the Adesoye Holdings to the economic development of Oa,
how it contributed to the spread and growth of more industries in Oa, it also aimed at evaluating and simplifying a number of growth within the holdings itself, most especially, the spread of its branches
all over the country. The work tends to look at the financing of the holdings, and how, or the manner which the holdings use in sustaining the tempo and creating more awareness about the goods and services coming out of the holdings. It shall also inform the society, the extent to which the Adesoye holdings had use the human and natural resources in producing several goods which are of great use to the populace.