Osun State Governor, Senator Ademola Adeleke, has stated that his administration has revived the Osun economy from 2022 to date.
The governor, who stated this on Tuesday while addressing a delegation of the Association of Real Estate Managers and Consultants at the Government House, affirmed that infrastructure investment has rapidly grown business and expanded various sectors of the economy.
Adeleke, in a statement by his spokesperson, Olawale Rasheed, 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 the state economy and improving its Gross Domestic Product (GDP).
The governor further said: “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’s economic development.
“From 2023 to date, we have committed several billions of naira to the 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 prioritise local contractors, engineers, artisans, and construction materials to ensure that funds circulate within the state. I am happy to announce that our administration has put an end to capital flight in Osun governance. Our policies successfully reduced Osun’s infrastructure deficit by over 50 per cent 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.
“For us in Osun, we are also focused on reducing the challenges of rapid urban pressure and growth facing the capital, Osogbo. The growth rate is presently put at 3.15%. Hence, we expand connectivity and development to adjacent cities and towns.
Speaking earlier, the President of the Association of Real Estate Managers and Consultants (AREMAC), Mr Abiodun Olowoporoku, commended the governor for his commitment to the growth of the real sector of the state economy.
Follow the OSUNDOTLIFE channel on WhatsAppKindly share this story | All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from OSUNDOTLIFE.
Contact: editor@osun.life
WhatsApp: 📲 +2348092333666