Wemabod Estates Limited, in partnership with the Oyo State Government is constructing an ultra-modern business complex which will accommodate about 4,000 shops and 20 warehouses in Ibadan, the state capital.
The complex, which would be completed within nine months, is located at Samonda area of the Ibadan metropolis.
When completed, the project will boast of such facilities as a police post, banks, clinics, industrial borehole for supply of potable water, fire station, street lights, toilets, worship centres and administrative block.
While laying the foundation stone of the business complex, Governor Abiola Ajimobi, said that it would be a state-of-the-art shopping complex, upon completion.
He described the project as another giant stride in his government’s urban renewal programme, stressing that the event was the second of such in the history of his government.
The governor disclosed that the Neighborhood Shopping Complex at Scout Camp, Challenge, Ibadan, whose foundation was laid earlier in the year, would be inaugurated within the next two weeks.
He reiterated that the transformation agenda of his administration was put in place to correct the ills of the past and strategically re-position the state for enhancement and promotion of its socio-economic prosperity for the benefit of the people of the state.
To this end, the governor said that the institutional frameworks which hitherto had been weak were now being strengthened daily, adding that very soon, the strength of government institutions would be firm, thereby creating a solid foundation for future administrations to build upon for enhancement of good governance.
He assured the people of the state that specific measures had been put in place for the realisation of the transformation agenda so that by the Year 2015, the state would become one of the most conducive places for socio-economic activities in Nigeria.
The governor stressed that the urban renewal policy of his administration was not meant to witch-hunt any individual or group but that it was aimed at lifting the state out of the doldrums.