Olubadan Appoints Ambassador Bolaji Akinremi to Economic Council to Drive N25 Billion Investment Initiative

Ambassador Bolaji Akinremi joins the Olubadan Economic Committee, tasked with raising N25 billion to revive moribund industries and drive growth in Ibadan.

By: AXL Media

Published: Apr 6, 2026, 8:48 AM EDT

Source: Information for this report was sourced from The Nation

Strategic Mobilization for Ibadanland’s Economic Revival

The Olubadan of Ibadanland has initiated a significant fiscal intervention by appointing Ambassador Bolaji Akinremi to a high-level economic advisory council. This committee is specifically mandated to spearhead the mobilization of at least N25 billion in investment capital. The primary objective is to channel these funds into sustainable and profitable ventures that offer enduring returns for the local economy. By targeting the revitalization of dormant companies throughout the region, the monarch aims to bridge the current gap in industrial activity and foster a more robust commercial environment.

Diplomatic Excellence Transitioning to Local Development

The appointment was formalized during a retirement reception for Ambassador Akinremi, organized by the International Relations Alumni Association of Obafemi Awolowo University. Representing the monarch, Tajudeen Aremu highlighted that the decision stemmed from a thorough evaluation of Akinremi’s extensive track record in the diplomatic service. The monarch expressed confidence that Akinremi’s unalloyed commitment to Ibadanland would be instrumental in moving the community’s economy forward. This transition from international diplomacy to local economic strategy underscores a deliberate effort to utilize seasoned expertise for regional advancement.

Commending a Career of Impact and Integrity

Throughout the reception at the Jogor Event Centre, various dignitaries, including former First Lady Mutiat Ladoja, praised Akinremi for his distinguished service to Nigeria. His tenure was characterized by significant humanitarian efforts, most notably his role in evacuating Nigerian students during the Ukraine crisis. Colleagues and associates described him as a man of integrity whose influence has consistently opened doors for the next generation of professionals. These testimonials served to validate the monarch's choice, painting a picture of a dedicated civil servant ready to apply his global experience to local challenges.