‘Oyo attracted N35b real estate investments in five years’

In its determination to bridge the housing deficit gap in the country, the Oyo State government has attracted N35 billion in real estate investments within the past five years.

The Chairman of the state’s Housing Corporation, Ademola Omotosho, disclosed this while speaking at the flag-off of the Blue Sapphire District “SmartCity” Project in Ibadan, the state capital.

According to Omotosho, ” This will not only add colour and beauty to Oyo State but also economic value. This project will provide job opportunities for our people and open up more investment opportunities.”

Government officials from the state, critical stakeholders in real estate, as well as developers and realtors, traditional rulers, and Ibadan Indigenes, were present at the programme, which took place at Ikija, along the Lagos-Ibadan Expressway.

The Chairman of the Oluyole local council, Akeem Olatunji, said the project is expected to become a hub for innovation and sustainability, as well as offering immense opportunities for investors.

“The project’s focus on renewable energy, urban greenery, and eco-friendly design reinforces the present administration’s commitment to creating a sustainable future for our people.”

The Commissioner for Trade and Investment, Niyi Adebisi, said the government would continue to create a conducive atmosphere for businesses to thrive in the state. The Managing Director and Chief Executive Officer of Tinath Realities, Mr Kola Abimbola, described the project as another landmark housing project in Ibadan.