Ogun to spend N3.74bn on housing projects in 2016

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Mrs Oluwasegun Abiodun, the Ogun State Commissioner for Housing, said
on Thursday that the ministry proposed N3.74 billion as its capital
expenditure for the 2016 fiscal year.

Abiodun spoke while defending the ministry’s 2016 budget proposal
before the Ogun House of Assembly in Abeokuta.
The commissioner also said that the ministry proposed 10 hectares of
housing estates in 12 locations across the state.
He listed the locations as Abeokuta, Sagamu, Ifo, Ijebu-Ode, and Ado-
Odo Ota, among others.

“In terms of urban renewal, the ministry intends to embark on the
urbanisation of Akute Isheri area of the state in the next fiscal
year; the project is termed `Mitros City’ development.

“As part of the state government’s efforts towards industrialisation,
housing project is a dedicated infrastructure in order to attract new
business at Agbara Industrial Estates“, she said.

The commissioner said the ministry proposed N100 million for the
settlement of various verifiable land owners that fell within the
proposed areas of the housing projects.

Abiodun said that the ministry generated N2.1 billion between January
and October 2015, out of the expected estimate of N5.7 billion for the
year.
According to her, the ministry proposed N7.2 billion as its internally generated revenue for 2016.

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