It is the main “AI” company of Nigeria * and it inspires: “Okomu Oil Palm Company PLC recorded its highest net profit of 39.9 billion Nairas in 2024, an astounding increase of 94% compared to the 20.6 billion Nairas published in 2023 borders. “”
Good people, America may have its Openai and its chatgpt, but Okomu oil is our “AI” company “and it shows where the alpha moments of Nigeria can come now. The nations increase at different levels. In the 1900s, the most popular American company was US Steel, and then directed the market. Fifty years later, they went from steel to mainframe computers while IBM directed the show. In the 1980s, Ge and Jack Welch brought the age of the conglomerates with a merger to do things and model finance on a large scale.
But never forget the greatest postulation in Pythagoras: the universe is numbers. Quickly, Apple, Microsoft and Knowledge Societies started on a large scale. But they played as part of the innovation company. New species of companies such as Openai and Anthrophicic make America in what I have called the age of accelerated society. Look more deeply, it gives better meaning to the world via figures through artificial intelligence. If you understand your numbers, you understand your universe! This is what Professor Ashiegbu taught me during my first year of college in was Owerri because he explained the great debate.
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But just as America has worked in the era of steel, Nigerian entrepreneurs must understand where the value is at the moment. Okumu Oil reminds me of one of our startups, Winich Farms, which generates tons of money. Yes, do you want to grow as fast as Openai? Be like Okomu oil because that may be what Nigeria needs right now … and not another application.
* Of course, Okomu oil is a palm oil company, not an AI company. I mainly draw analogy on the growth of the company that reflects what we have in AI companies in America.
Okomu oil fillets record N39.9bn profit in 2024 while the Nigeria sector in palm oil becomes new gold
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