As part of its plans to drive the economy of the state through affordable housing to its residents, Osun State Government has unveiled a landmark real estate development plan tagged Central City Project.
According to a statement by the Director General of Osun New Towns And Growth Areas Development Authority, Architect Muyiwa Ige, the project which will be officially unveiled on Thursday is part of the fruits of the recently held Osun Economic Summit.
Ige added that the present administration under Governor Gboyega Oyetola is strictly committed to turn around the fortunes of the state by boosting the economy in all sectors.
He added that the project will be undertaken by the Public Private Partnership.
The statement partly reads, State Government’s efforts towards reviving the economy are already yielding fruitful results with the event of the formal unveiling of the landmark real estate development project called Central City Project on Thursday the 19th Day of December 2019 at the Center for Black Culture and International Understanding Osogbo.
“Before dwelling in to the project may I inform you honorable men of the press that our agency Osun New Towns and Growth Areas Development Authority over time has been spare heading and indeed implementing Government Policies with regards to urban renewal and creation of new cities. In this direction the agency is currently recording resounding success on Oranmiyan New Town and Ilesha New Town project.
“On New Town Projects, development partners are currently in partnership with the State Government through Osun New Towns and Growth Areas Dev elopement Authority in areas of provision of Infrastructure at Zero Cost to Government. The Agency has been able to allocate service plot of land to numerous applicants, contributed to the Internally Generated Revenue of the State and provision of Infrastructure equally ongoing.
“The 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.
“We have the full cooperation and support of the Honourable Commissioner and Special Adviser to the Governor in the ministry Commerce, Industry and Cooperatives as well as Managing Director Osun Land Bank Authority in ensuring the successful implementation of the project.
“The Agency shall equally work with all other relevant Ministries, Departments and Agencies of Government to ensure the success of this project.”
Ige therefore invited the captains of Industries and the general public to the formal unveiling of the project which shall take place at ULLI BEIER hall of the Center for Black Culture and International Understanding on the 19th Day of December 2019 at 10am prompt.
