Infrastructure Projects Driving Osun’s Economic Expansion — Adeleke

Governor Ademola Adeleke of Osun State has said his administration has revived the state’s economy through massive investment in infrastructure, noting that the policy has stimulated business growth and expanded key sectors of the economy.

Adeleke stated this on Tuesday while addressing a delegation of the Association of Real Estate Managers and Consultants (AREMAC) at the Government House in Osogbo.

The governor said his administration had committed several billions of naira to the rehabilitation of roads, schools, health centres and other public utilities as part of efforts to deepen the state economy and improve its Gross Domestic Product (GDP).

“Our infrastructure growth agenda is driving substantial changes in the local economy and the real estate sector. Our integrated, multi-sector plan focuses on road networks, urban renewal and local content policy. This is boosting Osun’s economic development,” he said.

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

According to him, the administration’s spending on infrastructure has increased property values and improved connectivity through graded and paved roads, thereby strengthening the real estate sector and enhancing accessibility for residents and businesses.

He added that the government deliberately prioritised local contractors, engineers, artisans and locally sourced construction materials to ensure that funds circulated within the state economy.

Earlier, the President of AREMAC, Mr Abiodun Olowoporoku, commended the governor for his commitment to the growth of the real sector of the state economy and the signing into law of the real estate regulatory bill.