The Oyo State Government has lauded the ‘Ibadan Smart City’ project, saying the proposed housing project, located along Lagos/Ibadan express way is capable of turning around economy and reduce housing deficit within the state.
The State Government described the project as a laudable achievement which will add to standard of living of residents of the state.
Speaking at the flag off of Blue Sapphire District, Smart City, Ibadan, the Commissioner for Trade and Investment, Hon. Niyi Adebisi, said the state government has been creating enabling environment for businesses and investment to thrive which the project was not in exception.
Adebisi, who spoke on behalf of Governor Seyi Makinde, urged investors to invest in the state, saying their business and investment are in save hand because government is ready to support them.
Chairman, Oyo State Housing Corporation, Hon. Ademola Omotosho explained that the State Government in the last two years has invested over N35 billion in real estate so as to address housing deficit in the state.
According to him, housing is crucial and Oyo State government is trying to best towards provision of affordable housing for residents of the state.
Speaking about benefits of the project, the Managing Director, Tinath Realties and Investment Ltd, Kolajo Abimbola said the idea of Smart City was all about circular economy where people live close to their working place to mitigate green house gas emissions, create business workplace including business incubation center and enterpreneurship support for the emerging generation.
“One thing that distinguished this project from other smart cities is the eco restoration aspect of the project which include restoration of old quarry siteinto eco-friendly habitat, and this has ensrned the project as one of the finalist at UK 2023 climate finance accelerator programme in Nigeria.
“By the design carried out by our international partners in collaboration with our own local team here, we have 2,880 different housing units within this scheme.”
While Commissioning the project, the Chairman, Oluyole Local government, Engr. Akeem Olatunji, said the project, when completed will be a game changer in terms of real estate development which is capable to promote economic growth and attract huge investments to the local government and the state at large.
He however said investment in Ibadan Smart City is not just about infrastructure but also about creating a prosperous future for the people of Oyo State. It promises high returns and sustainable growth.
---
Autor(en)/Author(s): Segun Showunmi, Ibadan
Quelle/Source: The Nation Online, 18.01.2025
Bitte besuchen Sie/Please visit:
