NAN-H-97
Complex
By Akeem Abas
Ibadan, Oct. 12, 2016 (NAN) The Oyo State Government on Wednesday in Ibadan signed a Memorandum of Understanding with a consortium of developers on the renovation of Agbowo Shopping Complex in Ibadan.
The News Agency of Nigeria (NAN) reports that the MoU was signed with Agbowo Mall Infrastructure Development Company Limited at the office of Alhaji Ishmael Alli, the Secretary to the State Government.
NAN reports that following the signing of the MoU, the state government has given the previous occupants of the complex two weeks to vacate the premises for work to commence.
In his remarks, Alli said that the initiative was part of government’s efforts at repositioning moribund commercial structures in the state.
He stated that the complex after renovation would accommodate substantial number of traders which would in turn curb street trading in the state.
Mr Tunde Shonekan, the representative of the private developer, said that the renovation would gulp over N8 billion and would be completed within 30 months.
NAN recalls that Agbowo Shopping complex was constructed in 1984 by the Oyo State Government and managed by the State Housing Corporation.
The expansive shopping complex located in front of the University of Ibadan had become dilapidated.
Gov. Abiola Ajimobi of Oyo State had in 2012 signified his intention to develop the high-rise building and turn it into luxury apartments. (NAN)
TAA/OJO
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(Edited and controlled by Mufutau Ojo)