The Ogun State Government has begun clearing the land at Iperu, Ikenne Local Government, where they want to build 200 new homes.
The housing development, consisting of 2 bedroom expandable bungalows, will be built utilizing direct labor and aimed at low and middle income earners.
According to Jagunmolu Akande Omoniyi, the Special Adviser to the Governor on Housing, the state’s action will increase the number of homes available in the state, offer a housing solution to the developing Remo Zone Economic Hub in anticipation of the resulting influx of workers, and supplement the state’s investment in the Gateway Agro-Cargo Airport.
Jagunmolu claims that the market price for a carcass option will be N8.5 million and the market price for a completely finished unit will be N15 million, with financing options via Gateway Mortgage Bank.
“The estate will be fully serviced with all basic amenities like good drains and well-compacted road network, security architecture, lighting, and water reticulation, playground, health and educational facilities, and a Fire Service Station to serve the emerging economic cluster,” he added.
He went on to say that the project would be good for the community since it will employ 5,000 locals and use the services of more than 50 local businesses as suppliers.
When you consider the multiplier impact of hiring 5,000 craftspeople, Jagunmolu says that this will benefit almost 20,000 people.
In six months’ time, the project should be wrapped up.