CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
Adesoye holdings are a multi-company organization, which is situated in Oa
Local Government area of Kwara. Although, it has branches all over the country,
but its headquarters based in Oa. Oa 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 it
played 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 Oa
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, Crawford
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.
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