Governor Ademola Adeleke
By John Dike, Osogbo
Osun State Governor Ademola Adeleke has explained how his administration revived thw state’s economy since assuming office in 2022.
According to him, massive infrastructure investments have stimulated business growth and expanded key sectors of the state economy.
He spoke while receiving a delegation of the Association of Real Estate Managers and Consultants (AREMAC) at the Government House in Osogbo.
Adeleke said his administration had committed several billions of naira to the rehabilitation of roads, schools, health centres and other public utilities aimed at deepening economic activities and improving the state’s Gross Domestic Product (GDP).
He said the administration’s infrastructure agenda has transformed the local economy and real estate sector through a coordinated development plan focused on road networks, urban renewal and local content policies.
His words, “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 is boosting Osun’s economic development.”
He disclosed that from 2023 till date, the government had invested heavily in infrastructure upgrades across the state, creating new economic corridors, reducing traffic congestion and expanding urban development.
Adeleke said the projects deliberately prioritised local contractors, engineers, artisans and locally sourced construction materials to ensure that funds remained within the state economy.
“I am happy to announce that our administration has put an end to capital flight in Osun governance. Our policies have successfully reduced Osun’s infrastructure deficit by over 50 per cent from 2022 to date,” he added.
The governor further noted that infrastructure spending had increased property values and improved connectivity through graded and paved roads, thereby boosting the real estate sector and enhancing accessibility for residents and businesses.
He highlighted ongoing urban expansion projects in major towns including Osogbo, Ede, Iwo, Ilesa and Ile-Ife, saying road expansion in those areas was opening up new opportunities for residential and commercial development.
On land administration, Adeleke said the introduction of a 45-day processing window for Certificates of Occupancy had accelerated land transactions and boosted investor confidence in the state.
He also said the state’s One-Stop Investment Shop had simplified the ease of doing business, making Osun more attractive to local and international investors.
According to him, improved Internally Generated Revenue (IGR) had strengthened the government’s financial capacity to sustain long-term infrastructure commitments.
The governor further explained that the administration was addressing rapid urban growth in Osogbo by expanding development and connectivity to adjoining towns and cities.
“This administration’s focus on infrastructure is expected to position Osun as a tourism and economic hub in the South West.
The infrastructure drive has also jump-started our agro-industrialisation plan, while investments in education and healthcare continue to support population growth,” Adeleke said.
Earlier in his remarks, the President of AREMAC, Mr Abiodun Olowoporoku, commended the governor for his commitment to the growth of the real sector of the state economy.
He particularly praised the signing into law of the Real Estate Regulatory Bill, describing it as a landmark achievement for the real estate sector in Osun State.
