Awolowo Tech Mall to be completed in 25 months, says Odu’a Chairman Ashiru

The Group Chairman of Odu’a Investment Company Limited, Otunba Ashiru, on Monday revealed that the Awolowo state-of-the-art technology mall is expected to be completed in 25 months, stressing that the infrastructure is buoyed to complement the computer village in Lagos state.

He noted that construction was necessary as the old Awolowo House in the heart of Ikeja was old.

“What we are doing today in another 25 months, you will see another edifies whereby it will complement the computer village,” he added in a video clip posted on X.

Ashiru  had maintained that the new project, known as the Awolowo Tech Mall, is not just a real estate redevelopment but a strategic move to reposition Odu’a Group’s legacy assets for relevance in today’s digital economy.

He had explained that the redevelopment is a joint venture between Wemabod Limited and El-Salem Nigeria Limited, describing the project as a shift from passive asset management to proactive, value-driven real estate investment.

“When completed, the Awolowo Tech Mall will serve as a catalyst for commercial activity in the Ikeja Central Business District and a launchpad for youth innovation, business incubation, and technology-driven enterprise,” Ashiru said.

The Chairman of Wemabod Limited, Nureni Adisa stated that the old Awolowo House was not generating revenue, making it a non performing asset.

Adisa, expressed further that,  “With the new development, we wanted to transform it into a high-hub tech centre. We believe it is going to meet the demand of the area and the generality of the people.”

Managing Director and Chief Executive Officer of Odu’a Investment Company Limited, Abdulrahman Yinusa, said the redevelopment would transform the historic site into a 21st-century digital and commercial powerhouse.

He explained that the project will expand the commercial space from 4,800 square metres to approximately 9,000 square metres, more than doubling its capacity.

“This expansion aligns with Wemabod’s strategic direction to increase market share and contribute meaningfully to Lagos State’s economic development,” Yinusa said.