Oyo State is making bold strides in the real estate sector, having attracted N35 billion in investments over the past five years. This milestone underscores the state government’s commitment to tackling the housing deficit while boosting economic growth.
The Chairman of the Oyo State Housing Corporation, Ademola Omotosho, revealed this exciting development at the flag-off ceremony of the Blue Sapphire District “SmartCity” Project in Ibadan.
“This project is more than just about real estate; it’s about creating opportunities, generating jobs, and transforming Oyo State into a hub of modern development,” Omotosho said, expressing optimism about the state’s investment-friendly environment.
A Game-Changer for Oyo State
Held at Ikija, along the Lagos-Ibadan Expressway, the launch event saw a gathering of key government officials, real estate experts, developers, traditional rulers, and enthusiastic investors eager to witness the state’s growth firsthand.
For Oluyole Local Government Chairman, Akeem Olatunji, this initiative is a game-changer. “We are not just building houses; we are creating a sustainable future with eco-friendly designs, renewable energy, and urban greenery. This is a bold statement about where Oyo State is headed,” he stated.
Boosting Business and Livelihoods
Beyond infrastructure, the project is expected to significantly impact the local economy. Commissioner for Trade and Investment, Niyi Adebisi, assured investors that the government remains committed to maintaining a business-friendly atmosphere for real estate and other sectors to thrive.
The private sector is equally excited about the prospects. Kola Abimbola, Managing Director of Tinath Realities, described the SmartCity project as “a landmark initiative that will redefine urban living in Ibadan.”
With its growing real estate potential, Oyo State is steadily positioning itself as a key player in Nigeria’s property market. The government’s proactive approach to infrastructure and investment is not just reshaping the cityscape but also creating better economic opportunities for its residents.
