Governor Ademola Adeleke has declared that his administration has successfully revived the economy of Osun State through massive investments in infrastructure, urban renewal, and strategic economic reforms aimed at stimulating growth across key sectors.
The governor made the remarks while receiving members of the Association of Real Estate Managers and Consultants during a courtesy visit to the Government House in Osogbo on Tuesday.
According to a statement issued by his spokesperson, Olawale Rasheed, Adeleke explained that his administration had committed several billions of naira toward rebuilding critical infrastructure across the state, including roads, schools, healthcare centres, and public utilities.
The governor noted that the large-scale infrastructure drive was designed not only to improve living conditions for residents but also to strengthen the state’s economy, attract investment, and increase Osun’s Gross Domestic Product (GDP).
Adeleke stated that the government’s development agenda has already started transforming the local economy by creating new economic corridors, improving transportation networks, and supporting business expansion across different parts of the state.
According to him, the administration’s integrated development strategy focuses on road construction, urban renewal, and local content participation, all of which are contributing significantly to economic growth and the expansion of the real estate sector.
The governor explained that since assuming office in 2023, his administration has prioritised infrastructure projects capable of driving long-term economic benefits for residents and businesses.
He said:
“From 2023 till date, we have committed several billion naira to infrastructure development across Osun State. Our infrastructure-driven economic growth agenda is creating new opportunities for businesses, improving transportation, and reducing traffic congestion in major cities.”
Adeleke further stressed that his administration deliberately prioritised local contractors, engineers, artisans, and suppliers in the execution of projects to ensure that public funds circulate within the state economy.
According to him, this policy has helped reduce capital flight while creating employment opportunities for local professionals and small businesses.
The governor proudly revealed that his government has reduced Osun’s infrastructure deficit by more than 50 percent compared to the situation inherited in 2022.
He added that ongoing road expansion and rehabilitation projects across major towns have significantly increased property values and improved access to residential and commercial areas.
The governor specifically mentioned cities such as Osogbo, Ede, Iwo, Ilesa, and Ile-Ife as areas benefiting from widened road networks and urban expansion initiatives.
According to Adeleke, these projects are opening up new communities for residential and commercial development while encouraging investment in the real estate industry.
He explained that improved connectivity through graded and paved roads has enhanced accessibility for residents, investors, and businesses, making many parts of the state more attractive for property development.
The governor also described the administration’s achievements in urban planning as a major milestone for Osun State, noting that expanding city infrastructure has accelerated development in previously underserved areas.
Speaking earlier during the visit, the President of the Association of Real Estate Managers and Consultants, Abiodun Olowoporoku, commended Adeleke for his commitment to economic development and reforms within the real estate sector.
Olowoporoku particularly praised the governor for signing the real estate regulatory bill into law, describing the move as a major breakthrough capable of improving professionalism, regulation, and investor confidence in the state’s property market.
Political observers note that Adeleke’s emphasis on infrastructure and economic reforms comes as preparations intensify ahead of the August 15 governorship election in Osun State.
The governor is seeking re-election and will face competition from candidates of other political parties, including Bola Oyebamiji of the All Progressives Congress and Najeem Salaam of the African Democratic Congress.
With ongoing investments in roads, healthcare, education, and urban renewal, the Adeleke administration insists that Osun State is gradually emerging as one of the fastest-growing economic and real estate destinations in southwestern Nigeria.
