Oyo State governor, Engr. Seyi Makinde, on Wednesday, laid the foundation stone of the N1.5 billion Bodija Premium Estate, saying that the state was ready to partner genuine investors to reduce the housing deficit in the state.
The governor performed the foundation laying ceremony at Oba Akinyele Street, Bodija Estate, Ibadan.
He said that one of the benefits of the project was that there would be an upsurge in the internally generated revenue of the state on land premium through statutory charges and improved taxes.
A statement by Mr. Taiwo Adisa, Chief Press Secretary to the governor, indicated that Governor Makinde, who was represented by the Secretary to the State Government, Mrs. Olubamiwo Adeosun, stated that the project is situated on premium land spanning 12,209.45 square metres.
According to him: “Bodija Premium Estate was birthed when Project Scope Limited bid competitively for this state-owned moribund asset as advertised by the Oyo State Investment and Public Private Partnership Agency (OYSIPA).
“This is yet again, one of the clear evidences of a transparent political will backed by this administration to encourage and attract investments into Oyo State. This investment is valued at N1.5 Billion.”
He explained that the Bodija Premium Estate would comprise 45 housing units consisting of six (6) units of 2-bedroom flats in 4 blocks; twelve (12) units of 3-bedroom flats in 4 blocks; fifteen (15) units of 3-bedroom terraced houses; and twelve (12) units of 4-bedroom semi-detached duplexes.
Other features of the estate are to include Club House, Gym, Swimming Pool and Children’s play area, quality infrastructure drains, roads, security house/access control and alternative power supply, water, sanitation and waste disposal systems.
Earlier, the chairman, Housing Corporation of Oyo State, Barr. Bayo Lawal, hinted that when the project was fully developed in 18 months, it would be another day for the state to celebrate.
