Adeleke unveils N100bn infrastructural development plan

Osun State Governor, Ademola Adeleke has unveiled a multi billion naira infrastructure development to address the huge deficit the state is experiencing.

Speaking at the unveiling which held at the exco-lounge of the governors office, Osogbo, Adeleke who said the initiative was long overdue noted that sound infrastructure is a condition for economic growth and development.

According to him, the multi billion naira infrastructure plan will cover roads, health, water, schools among others.

He said “Our administration is using this gathering to prove to the world that a new Osun is possible. The main purpose is therefore to unveil a Multi-Billion Infrastructure plan to address the huge deficit the state is experiencing.

“Sound infrastructure is a condition for economic growth and development. The difference between a growing economy and a dormant one has to do with how developed the state infrastructure is.”

The government expressed confidence that the target projects when executed would turn the State around to an investment destination.

He assured the people of the State that the government would not borrow to finance the projects saying that he will not add to the debt burden of the State.

Adeleke said, “Let me declare here that the infra 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 localisation in the implementation process. Local content in terms of sourcing of materials and workforce are key to transfer skills and economically empower our people. This is in line with the five point agenda of our administration which seeks to boost the local economy. High local content is married with a strong maintenance plan to ensure the sustainability of the infrastructure.

“With the flagoff of today’s infrastructure development, we are poised to further boost the State Economy as 95% of the Projects shall be executed by local content. Osun Money will be spent in Osun. We are determined to eliminate capital flight as witnessed in the past.”

Adeleke also said that in the last 11 months of his administration, he was able to address over 90 percent infrastructure deficit inherited.

Some of the projects listed for execution under the plan include dualisation of roads and construction of flyover bridge in Osogbo, Ede, Ilesa and Ikirun among other projects.