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Osun woos investors with Central City Project

By Tunji Omofoye, Osogbo
23 December 2019   |   3:39 am
As part of efforts to make Osun State attractive to investors, the government has inaugurated a multi-billion naira real estate development tagged Central City Project.

– Oyetola apologises for stalled free train ride

As part of efforts to make Osun State attractive to investors, the government has inaugurated a multi-billion naira real estate development tagged Central City Project.

During the inauguration at the Centre for Black Culture and International Understanding (CBCIU), the state government said the scheme would encourage businesses and development agencies.

Governor Gboyega Oyetola said his administration was highly committed to creating an enabling environment for investors in the state blessed with resources that would aid their businesses.

Represented by the Commissioner for Commerce and Industry, Dr. Bode Olaonipekun, the governor said the multi-billion naira project would be driven by Public-Private Partnership (PPP).

Earlier in his address, the Director-General of Osun New Towns Development Authority, Mr. Muyiwa Ige, said the project had been made to also accommodate small and medium-scale investors and development agencies.

He said, “Central City Project was initiated and proposed by one of our development partners, Akbeeb Investment Limited. The project is expected to be delivered within five years with massive Infrastructural development solely funded by the private sector on a PPP basis.”

Akbeeb Nigeria Limited said it made payment easy for all and sundry to acquire.

According to the company, with just N5,400 every month, interested persons can acquire a parcel of land in the estate and start development.

Meanwhile, Oyetola has said that resumption of work on the Lagos-Ibadan rail line will unavoidably stall the government’s free train ride programme for the yuletide.

The Federal Government had last Friday ordered the China Civil Engineering and Construction Corporation (CCECC), the contractor handling the 10 railway stations along Lagos/Ibadan standard gauge rail line, to resume work immediately with a view to completing the projects unfailingly next month.

In a statement by his Chief Press Secretary, Ismail Omipidan, the governor expressed regret that no train would be allowed to ply the rail line until completion of the project in January 2020, a development he said had disrupted the free train ride he promised the people.

Maintaining that the free train programme had been prioritised by this administration in continuation of the good works started by his predecessor, Oyetola assured that his administration would remain strongly committed to the welfare of the people.

“The free train ride programme is an important part of our administration’s welfare promise. It started from the last administration and has continued to date. It is in fulfillment of part of our campaign promises to continue with the good works started by my predecessor.

“We regret that hundreds of beneficiaries of this welfare programme will have to patiently wait until the next festive season, following the on-going work on the Lagos-Ibadan rail line.

“But we are confident that the work will be completed soon, as the Federal Government, in its determination to ensure completion of the standard gauge rail line project next month, has ordered the company in charge to resume work immediately.

“While we strongly appeal for understanding by the good people of Osun, we would like to reassure you of our commitment to the welfare of the people. We pray for God’s protection for all travellers to and from Osun during and after this festive period and wish you all wonderful celebrations during the Christmas and New Year,” he stated.