Oyo state Partner Allianz WA to Construct 137 Housing Units

The Oyo state government has teamed with Allianz West Africa, a private civil engineering firm, to create 137 beautifully serviced housing units in Chief Lere Adigun GRA, Ibadan, to offer affordable housing.


Governor Seyi Makinde, speaking at the official flag-off of the housing unit, stated that he intends to provide livable and affordable homes before the end of his administration through an increased partnership with private investors and the use of innovative building technology.


In his words: “In our journey towards the Greater Oyo State of our dreams, one of the envisaged milestones of success in our agenda is the provision of affordable and decent homes for the increasing population of the State”.


“We are responding to this challenge through the conceptualization of ongoing GRA across the State. This will not only increase collaboration with private investors, but it will also open doors for innovative technology to increase the speed of completion,” he said.


The Managing Director, Allianz WA, Mr Adeyinka Owodunni, described the project “as the first of its kind” in Oyo State and promised that the company would not rest on its oars in ensuring it delivers the best to Oyo State.


He explained that the GRA is a first step in absorbing the flow of business and people into Oyo State and that the Chief Lere Adigun GRA is a low-density upper-middle-class residential project with 137 service plots approximately 100 square meters each.


While expressing gratitude to the Oyo State Government for its cooperation, Owodunni stated that the new GRA model is built on four pillars: transparency, rapid infrastructure delivery, private sector partnership, and effective Internally Generated Revenue (IGR) accumulation.


He said that the GRA, which has generated an instant Two Billion Naira IGR accumulation for Oyo State would boast of centralized power, water sources, close loop security architecture, and a below-ground electrical reticulation, which is first of its kind in Oyo State.


Other features of the GRA are a 3km road network, a 6km drainage and wastewater evacuation system, and a strong deed of adherence to ensure the conformity and harmony of homeowners.


“The proposed plan is to have centralized power, which will avoid individual use of generator or drilling of boreholes. It will also prohibit excessive fencing of residential accommodation. The strongest foundation that will catapult the GRA is the deed of adherence.” he said.


Mr Raheem Abdulraheem, Commissioner for Lands, Housing, and Urban Development, revealed that the GRA is named after late Engr. Lere Adigun, a statesman who was known for his priceless contributions to good governance, selfless leadership, and a sustainably built environment. The GRA is one of five GRAs conceptualized in Ibadan.


He also stated that the project’s multiplier effect on the state’s socio-economic environment of Ibadan and Oyo State is precious and incalculable, given its ability to produce employment opportunities and have a favourable impact on the state’s real estate industry.