Osun State government will on Thursday unveiling the real estate development project otherwise known as Central City Project in Osogbo, the state capital.
This was contained in a statement signed by the director-general, Osun New Towns and Growth Areas Development Authority, Mr Muyiw Ige, which was made available to the Nigerian Tribune, on Tuesday.
He said the unveiling would be a demonstration of the readiness of the state government under the leadership of Governor Gboyega Oyetola to showcase the economic potential of the state to the entire world.
He said: “I am pleased to inform you that the state government’s efforts are already yielding results with the event of the formal unveiling.
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“Our agency Osun New Towns and Growth Areas Development Authority over time, has been spare heading and indeed, implementing government policies with regards to urban renewal and creation of new cities. In this direction, the agency is currently recording resounding success on Oranmiyan new town and Ilesa new town project.
On new town projects, development partners are currently in working with the state government through Osun New Towns and Growth Areas Development Authority in areas of provision of infrastructure at zero cost to government and the agency has been able to allocate service plot of land to numerous applicants, which contributed to the internally generated revenue of the state.
“The project is expected to be delivered within a period of five years with massive Infrastructural development solely funded by the private sector on a public-private partnership arrangement.”
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The project is divided into three sections. The first section is the industrial hub which will attract investors through incentives which are designed to solve the problem of industrialisation in Nigeria, some of those incentives include uninterrupted power supply, power subsidy, tax incentives, partnership for sourcing raw materials and off taking the industrial product, among others.
The project site has rail station which makes the movement of goods and passengers easy. Industrial Infrastructure like road, drainage, water among others shall be provided. The second and third sections are the farm settlement and residential development respectively.
Ige added that agency will equally work with other relevant ministries, departments and agencies of government to ensure the success of the project.
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