OPIC eyes N14bn earning from housing investment in 2015

Riding on the success achieved through various housing projects this year, Ogun State Property and Investment Corporation (OPIC), is eyeing over N14 billion earning from the proposed massive housing investment and the completion of ongoing housing projects, including Agbara, Makun, Isheri, Alamala and Abeokuta – Orange Valley estates in the year 2015.
Consequently, OPIC has budgeted N5.637 billion as its total expenditure for the 2015, voting N5.2 billion on capital projects meant for the implementation of new several housing projects and completion of ongoing ones, while the remaining N437 million was earmarked to finance recurrent expenditure.
Speaking while defending the corporation’s budget before the Ogun State House of Assembly Committee on Finance and Appropriation in Abeokuta, Jide Odusolu, managing director, OPIC, said frantic efforts were underway to further close the housing deficit gap in the state and the country at large.
Odusolu said state government was poised to undertake construction and management of housing, both industrial and estates across the state, just as he submitted that the agency had pledged to complete 206 units of houses at OPIC Estate in Agbara, Orange Valley Estate in Abeokuta, New Makun City in Sagamu, Isheri Commercial City, OPIC Estate Alamala in Abeokuta, and construction of 12 kilometres each in New Makun City, Agbara Estate, and Isheri Commercial City.