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OYO TO ESTABLISH BUSINESS District IN Ibadan

The Oyo State Government is set to establish a business district in Ibadan, the state capital, creating a commercial corridor that will become a hub of economic activity.

The Commissioner for Lands, Housing and Urban Development, Williams Funmilayo, announced this through a statement on Friday by the Commissioner for Information and Orientation, Dotun Oyelade, during a sensitisation meeting with relevant stakeholders in the Akinyele area of Ibadan.

He said, “The project will be situated in the Akinyele Local Government Area of the state.

“3,149 hectares of land have been delineated for the project, with 598.613 hectares earmarked as a resettlement scheme for some of the affected villages.”

He further revealed that 833.853 hectares had been identified as a developed area, which will be excised from the acquisition, while the remaining 1,717.235 hectares will be designated as the Ilu-tuntun Business District.

The commissioner added that the enumeration and valuation of structures would commence on Monday, 4 November 2024, to provide a clearer perspective of the affected areas within the Ilu-tuntun Business District corridor.

Funmilayo urged the organised private sector to partner with the state government to grow the economy and improve residents’ living conditions.

The commissioner also appealed to Akinyele residents to cooperate with officials conducting the enumeration and valuation of affected properties, scheduled to begin on Monday, 4 November 2024.

Also speaking, the council chairman, Wole Akinleye, thanked the government for initiating the project in the area, noting that residents of remote villages welcomed the measures taken by the government.
Peoplesmind