Oyo State Housing Corporation (OYSHC) has said that the 360 Housing Units in Ajoda Housing Estate would be fully ready by the end of 2022.
This was made known by its Chairman, Barrister Bayo Lawal during an inspection, on Wednesday, in conjunction with the Oyo State House of Assembly Committee on Land and Housing.
Lawal said the project is currently facing the challenge of few people subscribing to it. He called on members of the public to subscribe to the 360 housing units.
While speaking on the reason for the delay in completion, he identified the rise in cost of building materials, Covid-19 pandemic and others.
He said the problem was that no investor want to tie down his or her funds without utilisation. He appealed to off-takers to take advantage and subscribe.
According to him, Ajoda Estate is a unique modern housing unit with necessary facilities such as industrial borehole, drainages, good road network, electrification and easily linked to Ife-Ibadan and Lagos-Ibadan Expressway.
“We appeal to off-takers, particularly civil servants, government officials, cooperative societies and institutions of Federal and State to take advantage of this development and subscribe.
“It is part of what Oyo State Government led by Gov. Seyi Makinde is doing to impact and add value to the standard of living of people of the state,” he said.
Similarly, the team also inspected the 1.82 kilometres and 5.51 kilometres road network on the 1,000 plots of land to be allocated to interested members of the public, also located at Ajoda Estate
Speaking on the 1,000 plots of land to be allocated, Lawal said that work was almost completed on the 1.82 kilometres road network with drainages that would service the plots.
The chairman said that 5,000 hectares of land acquired in Ajoda since 1976 by the government, with compensation paid, had been encroached due to neglect.
He said that recent efforts of the corporation to open up the roads network and facilitate construction of about 1,000 houses in the area was to add value to shelter and development of the state.
“All these are being done through our Internally Generated Revenue (IGR); we expect that about N3.5 billion will be sunk into this project and the multiplier of that can only be imagined.
“We commended Gov. Seyi Makinde for giving us free hand to operate; the 1.82 kilometres road was done through our IGR without subvention; we urge the governor to assist in funding the road project to Olodo,” he said.
In his remarks, Olatunde Kehinde, the Vice Chairman, Oyo State House of Assembly Committee on Land and Housing, expressed satisfaction on the levels of work and commended OYSHC for carrying out the project.
Also, Mr Alao Bashir, the General Manager of RATCON, the Contractor handling the road project, said the two roads projects would be executed with Asphalt and concrete drainages on both sides.
Bashir said that work was almost completed on the 1.82 kilometres road, while clearing was on for that of 5.51 kilometres.