Economy

Agbowo Shopping Complex’s concession will be for 50 years – Gov. Makinde

Oyo State Governor, Engineer Seyi Makinde says the proposed renovation and remodelling of Agbowo Shopping Complex, Ibadan will be on concession for fifty years with a significant stimulus to the state economy.

He stated this at the flag off and symbolic handover ceremony of Agbowo Shopping Complex, Ibadan to the contractor, noting that the project would gulp #4.9 billion.

Governor Makinde, while restating his administration’s commitment to creating conducive environment for private enterprises to thrive, noted that the project would be executed through a public private partnership arrangement with necessary social structures including a 4-star hotel would be completed within 24 months 

The governor also explained that former occupants of the shopping complex would have the right of first refusal upon completion of the project while a scheme would be developed to assist those initial occupants who might have difficulty in paying rent.

Earlier in his speech, the chairman of Oyo State Housing Corporation, Mr Bayo Lawal commended the governor for not neglecting the social contract with the people.

A representative of former occupants of the complex, Mr Olajire Agboola commended Governor Makinde for keeping his promises to uplift Agbowo shopping facility for the benefit of all. 

Iyabo Adebisi

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