By Olabisi Adegbite, Abeokuta
The Special Adviser and Managing Director, Ogun State Property and Investment Corporation (OPIC), Arc. Abiodun Fari-Arole has defended a total expenditure of N5,873,594,952,05 to be spent by the Coporation for year 2025
Arc. Fari-Arole, who stated this during the presentation of the budget defence before the State House of Assembly members at Oke- Mosan, Abeokuta, said the Personnel Cost would gulp N667,894,886.11 while the Overhead Expenditure stands at N599,999,999.99 and Capital Expenditure would take N4,605,700,065.95
He stated that the Corporation was committed to providing safe and quality home for the medium and high-income earners in the State, saying the Capital Expenditure would be used for the completion of projects embarked upon in the previous year and also commenced the proposed housing projects in the next fiscal year.
The OPIC boss listed the projects for year 2025 to include;proposed development of 100 hectars of Green Smart City at Sagamu Interchange, development of President Muhammadu Buhari( PMB) Green Smart City , development of 7 hectars of lands at Isheri as well as the construction of other infrastructural projects across the State.
He added that the Corporation would also embark on the construction of more roads, drainages, and electricity, among others in its housing estates across the State, noting that efforts would be intensified to meet the revenue target of N11,272,415,325.76 in the incoming year.
Responding, Chairman, House Committee on Industry Trade and Investment ,Hon. Oyedele Adebisi commended the Corporation for its giant strides in the housing sector.
No comments:
Post a Comment