The Osun State Governor, Ademola Adeleke, has unveiled plans for a multi-billion-naira infrastructural project in the state.
This is as Governor Adeleke, who said the purpose of the unveiling of the plan is to address the huge deficit the state is currently experiencing, added that funds that will be used to execute the project would be sourced from those saved from blocked leakages and already saved in special project accounts.
Adeleke, who made this known on Friday, maintained that the project would be completed within one year, adding that his administration also planned to construct five flyovers to ease traffic across the state.
The governor explained that two flyovers would be constructed in Osogbo, one in Ile-Ife, one in Owode-Ede and one in Ikirun town.
He also said 45 roads across the 30 local government areas in the state have been selected for construction in the N100 billion infrastructure development plan for the state.
He also insisted that the projects would be executed by his administration without any loan from financial institution
“Let me declare here that the infrastructural plan I am about to unveil is purely state-sponsored without any loan from financial institutions. I must also add that we are hitting the ground running immediately after this launch. We are complying with all procurement laws and due process.
“Very importantly, our administration is ensuring localization in the implementation process. Local content in terms of sourcing of materials and workforce is key to transferring skills and economically empowering our people.
“This is in line with the administration’s 5-point agenda.
“With the flag off, the administration is determined to eliminate capital flight.
Also Read: Osun: Gov Adeleke seeks TETFund support to strengthen infrastructure
The governor also issued a warning to hoodlums against extorting money from contractors that would handle the projects.
“We are getting set to key into infrastructural financing opportunities as long as it will not add to the financial burden of the state.”
[…] Also Read: Osun: Adeleke announces N100bn infrastructural plans, construction of flyovers […]