Ogun State to Spend N1.79bn On the Execution of Housing Projects In 2024

Ogun State Government is to spend N1.79 billion on the execution of various housing projects in 2024.

The projects include 100,000 housing units, aviation village at Iperu Remo, and the regeneration projects at the Ibara GRA and in Idi Aba, both in Abeokuta.

Housing Commissioner, Jagunmolu Omoniyi announced this while defending the 2024 budgetary allocation of the housing ministry before the finance and appropriation committee of the state House of Assembly.

He said the projects would be executed through public-private partnership program.

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The commissioner said N524 million is voted for recurrent expenditure out of the N1.79 billion estimated expenditure of the ministry.

We will be doing more of PPP. The state is blessed with abundant land mass.

We have the market and comparative advantage. We are bringing housing units to all the three senatorial districts of the state.

It is the right of all citizens and not a privilege for a few, the commissioner said.

On his part, the commissioner for Physical Planning and Urban Development, Tunji Odunlami, presented a budget proposal of N1.29 billion.

Odunlami said of the amount, N999.9 million would go for capital expenditure, while the remaining N290 million was for recurrent expenditure.