…Says Data Hallmarks Ogun’s Economic Resilience, Growth
Ogun State Governor, Prince Dapo Abiodun, has hailed the reports of the National Bureau of Statistics (NBS), which listed the state among the best in Internally Generated Revenue (IGR) in the country.
Speaking during the public unveiling and commissioning of the Olumo Courts Service Apartments and associated facilities in Abeokuta on Saturday, Abiodun quoting the NBS report, noted that the state’s internally generated revenue had surpassed those of several states, showcasing its economic resilience and growth.
The governor said through various policies that his administration has been able to grow the economic base of the state to an enviable position where it no longer needs to rely too much on federal allocations.
The governor said: “According to a recent report by the National Bureau of Statistics, Ogun State generated more revenue than five states in one zone and six in another in 2023. We are among the few states that can thrive without federal support.”
He described Olumo Courts, located in Ibara, Abeokuta, as a significant project aimed at enhancing the quality of life for residents.
Abiodun recalled the criticisms that his administration had faced on its urban regeneration efforts in the Government Reserved Area (GRA) of Ibara, noting that the successful establishment of Olumo Courts, championed by former President Olusegun Obasanjo, had strengthened his administration’s resolve to transform urban areas throughout the state.
He said: “We initiated the Urban Renewal of Abeokuta, starting in Ibara GRA, despite facing substantial criticism. The achievements of Olumo Courts reaffirm that we are on the right track.”
Noting that initiatives like Olumo Courts, along with the construction of over 4,000 housing units in the past five years, have bolstered the state’s economy, the governor lauded former President Obasanjo whose vision had paved the way for projects like Olumo Courts, which features 36 luxury smart apartments equipped with modern amenities such as a swimming pool, tennis court, gym, and squash court.
Abiodun advised Ogun State’s indigenes to draw inspiration from this initiative, stressing that Olumo Courts will not only enhance the architectural landscape but also create job opportunities and attract investments, particularly from the diaspora, adding that the project’s approval process took 17 months due to necessary redesigns to align with urban regeneration goals.
The governor reiterated his commitment to supporting projects that enhance the state’s economic foundation.
In his opening remarks, a member of the Olumo Courts development team, Prince Rotimi Martins, described the project as the first smart city estate in the GRA, symbolizing growth and investment potential for the state.
This is even as the Alake of Egbaland, Oba Adedotun Aremu Gbadebo, maintained that Olumo Courts exemplified how environmental improvements can foster development.
