Government of the state of Osun has officially unveiled a multi-billion naira investment in industrial and real estate development, tagged, Central City Project.
In the official unveiling event held at the Center for Black Culture and International Understanding on Thursday, the state government revealed that the main objective of the project is part of its mission to project the state as a strategic place for investment in different sectors.
Speaking at the event, Governor Gboyega Oyetola said his administration is highly committed to create an enabling environment for investors as the state is blessed with resources that will aid their businesses.
Represented by the Commissioner for Commerce and Industry, Dr Bode Olaonipekun, the governor said the central city project is a multi-billion naira project that will be driven by public private partnership.
Earlier in his address, the Director General of Osun New Towns Development Authority, Architect Muyiwa Ige revealed that the project has been made to also accommodate investors on small medium and development agencies.
He said, “Central City Project was initiated and proposed by one of our development partner, Akbeeb Investment Limited. The project is expected to be delivered within a period of 5 years with massive Infrastructural development solely funded by the private sector on a Public Private Partnership basis.
The Central city project is divided in to 3 sections.
The first section is the industrial hub which will attract investors through incentives which are designed to solve the problem of industrialization in Nigeria, some of those incentives include uninterrupted power supply, power subsidy, tax incentives, partnership for sourcing raw materials and off taking industrial product etc.
The project site has rail station which makes movement of goods and passengers easy. Industrial Infrastructure like road, drainage, water among others shall be provided .The second and third sections are the farm settlement and residential development respectively. Details of the entire project shall be unveiled formally by the Government of the State on Thursday 19th December 2019.”
In his analysis, the representative of Akbeeb Nigeria Limited, Barrister Salawu said the company has made the payment easy for all and sundry to acquire. He said with a sum of 5,400 naira every month, interested person can acquire a land at the Estate and be building it.
Other partners who spoke at the unveiling ceremony are representatives of banks – UBA, Zenith and FCMB; and the Royal fathers present.
Among those present are the Akirun of Ikirun, Oba Adewale Adedeji, Oloba of Oba Oke, Oba Adams Yusuf, Commissioner for Information and Civic Orientation, Mrs Funke Egbemode, Special Adviser to the Governor on Commerce and Industry, other top government functionaries, among several stakeholders invited.
