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The Chairman of the Oyo State Housing Corporation, Hon. Demola Omotoso, has announced that plans have been finalized for the construction of 2,500 housing units in Ajoda New Town, with the project set to be completed within 12 months from the day of commissioning.
Speaking at a press briefing in Ibadan on Wednesday, Omotoso revealed, “The 2,500 housing units will be completed in twelve calendar months from the day the Governor gives us approval and lays the foundation.”
Omotosho emphasized the corporation’s commitment to aligning with Governor Seyi Makinde’s vision for housing development in the state.
“I am not saying this because I am in government, but Governor Seyi Makinde is truly an uncommon governor who plans to transform Oyo into a state of El Dorado.”
“We want to key into it as the Oyo State Housing Corporation.
Our core assignment is simple: housing. We have come up with a new initiative to build affordable housing across all our estates, starting with Ibadan.”
The Ajoda New Town project, established 47 years ago in 1976, is set to bring significant value to the area.
“The place is sitting on 5,000 hectares of land.
The last board opened up the place with new roads, making it attractive for development,” Omotosho said.
He further praised the past board members, stating they performed excellently well.
“We, as the new board, have to build on their work, which inspired the impetus to construct 2,500 housing units.”
He highlighted the strategic location of the new town, noting its proximity to major infrastructure projects.
“The new town is specially located. It’s going to open up massively because the circular road is connected to it.
It’s also an 8-10 minute drive from the Ladoke Akintola Airport, which is being upgraded into an international airport.
We also have plans for a new golf estate.”
In addition to the Ajoda New Town project, the Housing Corporation has several other projects in the pipeline.
“As soon as the Ajoda town project takes off, we will work on the Owode housing estate.
We are also going to flag off the construction of the Olubadan shopping mall opposite Gbagi market, which will include 350 shops and offices.
We are talking to investors and developers to take up opportunities in other parts of the state, and we are confident that new developments will emerge in those areas soon,” he added.
Addressing concerns about revocation, resettlement, and relocation related to these projects, Omotosho assured stakeholders that the corporation would act fairly.
“Yes, it’s true that there will be some revocations due to speculators holding on to our lands without development.
The law that sets up the Housing Corporation is clear: after a year of non-development, we will remind you, and after another year, we can revoke it.
However, as long as you have paid and fulfilled all obligations, you will not lose your land.”
He emphasized the corporation’s role as a facilitator of development rather than an obstacle.
“We are here as problem-solvers and solution-givers, not to add to anybody’s travail,” Omotosho concluded.
