How We Revive Osun Economy – Governor Adeleke

Osun State Governor, Ademola Adeleke has opened up on how his government revived Osun economy from 2022 to date, affirming that infrastructure investment has rapidly grow business and expand various sectors of the economy.

Addressing a delegation of the Association of Real Estate Managers and Consultants at the Government House on Tuesday, the governor said the state has committed several billions of naira to the rehabilitation of roads, schools, health centres and state utilities with a target of deepening state economy and improving her Gross Domestic Product (GDP).

The governor further addresses the association members:”Our infrastructure growth agenda is driving substantial changes in the local economy and real estate sector. Our integrated, multi-sector plan focused on road networks, urban renewal, and local content policy. This is boosting Osun economic development.

“From 2023 to date, we have committed several billions of naira to infrastructure upgrade of our dear state. Our infrastructure driven economic growth creates new economic corridors and urban renewal, reducing traffic congestion in major cities.

“Our projects prioritize local contractors, engineers, artisans, and construction materials to ensure that funds circulate within the state. I am happy to announce that our administration put an end to capital flight in Osun governance. Our policies successfully reduced Osun infrastructure deficit by over 50 percent from 2022 to date.

“Our spending on infrastructure has increased property values and improved connectivity through graded and paved roads. This is elevating the real estate sector and enhancing accessibility for residents and businesses.

“We have scored a major first in urban expansion and planning. Widening of road networks in cities like Osogbo, Ede, Iwo, Ilesa and Ile-Ife is pushing development into new areas. This increases opportunities for residential and commercial real estate development.

“Our success in accelerated land administration is boosting local investment and the construction industry. Our implementation of the 45-day window for processing Certificates of Occupancy speeds up land transactions and secure investment.

“The state government is actively creating an environment to attract global capital and real estate developers. We are creating localized demand for both residential and commercial properties.

“Our One-Stop Investment Shop has simplified the “ease of doing business” to protect and encourage property investors. Our improved Internally Generated Revenue (IGR) provides the state with greater financial capacity to sustain these long-term infrastructure commitments.”