Osun State governor, Senator Ademola Adeleke, on Tuesday explained how his administration revived state’s economy since assumption of office, disclosing that massive investment in infrastructure had rapidly grow business, thus expanding various sectors of the economy.

He made this known while addressing a delegation of the Association of Real Estate Managers and Consultants (AREMAC) at the Government House.

A statement by Adeleke’s spokesperson, Olawale Rasheed, noted that the governor had committed several billions of naira to the rehabilitation of roads, schools, health centres and state utilities with a target of deepening state economy and improving her Gross Domestic Product (GDP).

He stated: “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 economic development.

“From 2023 to date, we have committed several billions of naira to 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 prioritize local contractors, engineers, artisans, and construction materials to ensure that funds circulate within the state. I am happy to announce that our administration put an end to capital flight in Osun governance. Our policies successfully reduced Osun infrastructure deficit by over 50 percent 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.

“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, “the statement added.

Speaking earlier, the President of Association of Real Estate Managers and Consultants (AREMAC), Mr Abiodun Olowoporoku lauded Adeleke for his commitment to growth of the real sector of the state economy.

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