The Ogun State government has signed a Memorandum of Understanding (M.O.U) with the management of a Private firm, Sino-African Investment Free Trade Zone Company on the construction of a 4- Lane, 10km Lusada- Igbesa Ogun Quangdong Free Trade Zone in Ado-Odo Local Government Area.
Just as it has concluded arrangements to continue the payment of compensation to those whose houses gave right of way for the Construction of “Ogun Standard” roads all over the State tomorrow.
Commissioner for Works and Infrastructure, Arc. Olamilekan Adegbite in a statement by the Head of Media in the Ministry, Mr. Ayokunle -Ewuoso, after signing the M.O.U said the road would be financed by the Company.
Adegbite who described the present situation of the road as clay, dusty and dilapidated said the company would reconstruct it into a 4lane rigid concrete pavement complete with median, walkways and green belt.
“Our Government recognises the importance of this road that is why we have bought into the proposal brought by this company to reconstruct it into a 10km, 4lane rigid Concrete pavement. This road would be tolled for 15 years by the company in order to recoup their money and the period of completion is between 6 to 8 months, while 10% of the annual collection shall accrue to the government”
The Commissioner pointed out that the road when completed would increase economic and commercial activities of the area, attract more Investors, having immediate gains like creating employment, increase the property value in the area and reduce the hardship faced by farmers when transporting their farm produce to the city.
On the payment of compensation, the Commissioner noted that government has set aside about N8B as compensation advising concerned members of the public to visit the Bureau of Lands and Survey at the Old Secretariat Oke –Ilewo, Abeokuta to get their cheques.
By Muyiwa Adetiba