Osun State Governor, Senator Ademola Adeleke has detailed his administration’s shift toward decentralizing infrastructure to manage the rapid urban growth of Osogbo, the state capital, while simultaneously stimulating economic expansion across other major towns in Osun State.
Speaking at the Government House on Monday during a meeting with a delegation from the Association of Real Estate Managers and Consultants (AREMAC), the Governor revealed that Osogbo’s current growth rate is estimated at 3.15%.
He emphasized that without deliberate expansion into adjacent areas, the capital faces significant urban pressure that could stifle its efficiency.
The Governor explained that his administration’s integrated, multi-sector infrastructure plan is specifically designed to create new economic corridors beyond the capital city.
By focusing on road networks, urban renewal, and a robust local content policy, the state is effectively pushing development into new territories. This intentional widening of road networks in cities like Ede, Iwo, Ilesa, and Ile-Ife is intended to redistribute the population and increase opportunities for residential and commercial real estate development outside the congested capital axis.
Governor Adeleke affirmed that from 2022 to date, the state has committed billions of naira to rehabilitate schools, health centers, and state utilities, reducing the infrastructure deficit by over 50%.
He noted that these projects prioritize local contractors, engineers, and artisans to ensure that funds circulate within the state, successfully ending the era of capital flight in Osun governance.
The Governor further highlighted that property values have surged due to improved connectivity, while land administration has been revolutionized through the implementation of a 45-day window for processing Certificates of Occupancy.
This speed, combined with a One-Stop Investment Shop, has simplified the ease of doing business and attracted global capital to the state’s real estate sector.
In his earlier remarks, the President of AREMAC, Mr. Abiodun Olowoporoku, commended the Governor for his commitment to the real sector.
He particularly appreciated the signing of the Real Estate Regulatory Bill into law, describing it as a landmark achievement for the industry in Osun State.