Home News Gov. Makinde Lays Foundation of N1.5 bn Bodija Premium Estate

Gov. Makinde Lays Foundation of N1.5 bn Bodija Premium Estate


By Bode Akinbode, Ibadan

Oyo State Governor, Engineer Seyi Makinde, on Wednesday, laid the foundation stone of the N1.5billion Bodija Premium Estate, saying that the state is 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, saying that one of the benefits of the project is that there will be an upsurge in the internally generated revenue of the state on land premium through statutory charges and improved taxes.

Governor Makinde, who was represented by the Secretary to the State Government, Mrs. Olubamiwo Adeosun, stated that the project , situated on premium land spanning 12,209.45 square metres, was birthed when Project Scope Limited bidded competitively for this State-owned moribund asset as advertised by the Oyo State Investment and Public-Private Partnership Agency (OYSIPA).

He explained that the Bodija Premium Estate will comprise 45 housing units consisting of six units of 2-bedroom flats in 4 blocks; 12 units of 3-bedroom flats in 4 blocks; 15 units of 3-bedroom terraced houses; and 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.

While assuring that the processes are transparent and fast in a bid to make Oyo State the preferred investment destination in Nigeria,  the governor added that  the project will be completed within 18 to 24 months, noting that indigenous artisans and building materials suppliers within the state will be engaged by the company.

Earlier, the chairman, Housing Corporation of Oyo State, Barr. Bayo Lawal, hinted that when the project is fully developed in 18 months, it will be another day for the state to celebrate.

In his response, the Managing Director, Project Scope Company, Alhaji Omodele Rufai, said that the company will build a high-quality project, premium luxury and the best of the best.

He said that the project is targeted at growing upwardly mobile demographic, which, according to him, will rejuvenate Bodija generally and add value to the Oyo State Government.




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