Adeleke Reveals Strategies His Government Used to Boost Osun's Economic Growth

n n

Osun State Governor, Ademola Adeleke has said his administration revived Osun economy through strategic investment in different sectors of the economy.

n

A statement by the spokesperson to the governor, Olawale Rasheed, said Adeleke made the disclosure while addressing a delegation of the Association of Real Estate Managers and Consultants that paid him a visit at the Government House in Osogbo on Tuesday.

n

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 the state economy and improving its Gross Domestic Product.

n

“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.

n

“From 2023 to date, we have committed several billion 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.

n

“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,” Adeleke said.

n

He also said that the government’s spending on infrastructure has increased the value of real estate and improved connectivity through graded and paved roads, adding that the development has elevated the real estate sector and enhanced accessibility for residents and businesses.

n

He further said, “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.”

n

Speaking earlier, the President of Association of Real Estate Managers and Consultants, Mr Abiodun Olowoporoku, commended the governor for his commitment to the growth of the real sector of the economy.

n

He particularly appreciated the signing into law of the real estate regulatory bill, describing it as a major landmark in the real estate sector of the state.

n

The PUNCH reports that Governor Adeleke is seeking re-election in the August 15 governorship poll, and is being challenged by the candidate of the All Progressives Congress, Bola Oyebamiji and that of the African Democratic Congress, Dr Najeem Salaam.

n n