Oyo’s Urban Development Gets Boost•••As Riverside Estate Seeks Partnership From Govt, Stakeholders
•By Admin
IBADAN – A Real Estate development project, Riverside Estate has sought effective collaboration with Oyo state government and Development Partners for Housing and Urban development.
The Chief Developer of Riverside Estate Iyana Offa in Lagelu Local government Ambassador Sangodoyin Ibrahim Damilare made this known at the official presentation of the land allocation to the allotees in their estate beside the lagelu council secretariat.
According to him, the milestones achieved so far, including: full acquisition of the estate land with a Certificate of Occupancy; official government approval of the estate layout; completion of phase one site clearing and access roads; commencement of perimeter fencing and electrical pole installation; launch of the first stage of housing development; and installation of billboards and early investor engagement.
He stressed that, over 30 plots have been allocated to allottees while a recreational park and housing development are also in the pipeline.
“The aim of Riverside estate is to contribute greatly to the reduction of housing deficit in oyo state and Nigeria while also opening up development within the Iyana Offa axis. The grand breaking event which drew the attention of some government officials and relevant Stakeholders in the housing sector also reaffirms the commitment of Riverside Estate towards supporting real estate projects that contribute to development and growth within Oyo State.”
Riverside Estate is more than land. It’s a vision of sustainable urban living, designed to deliver real value. The company’s goal is to reduce housing deficit by providing shelter for people at affordable prices and thereby complementing the efforts of the state government in the real estate projects.”
The tour served as a reassuring moment for allottees, many of whom expressed satisfaction with the pace and direction of development” Sangodoyin said.
The Chief Developer of Riverside Estate Iyana Offa, Ambassador Sangodoyin Ibrahim Damilare who led stakeholders to a comprehensive walkthrough of the estate project said the estate development is a game changer in the housing sector.
The Chairman of Lagelu Local government Hon Kamorudeen Mudasiru pledged government support in accelerating the estate’s development.
He assured that the local government would extend electricity and improve the road leading to the estate by next year — interventions aimed at accelerating urban growth and positioning Riverside Estate, Iyana Offa as a standard for modern residential living within five years.
Also speaking at the tour, the Chairman of the Local Government Pension Board Hon Akeem Ige commended the developer and described him as youth role model, applauding his dedication in driving impactful real estate solutions.
Hon Ige acknowledged the positive impact of the Oyo State Governor on statewide infrastructure improvements and praised the administration’s role in enabling infrastructural development.
Some of the allottees also appreciated the Riverside Estate for their transparency and development taking place in the estate.
Riverside Estate is rapidly emerging as a symbol of intentional community-building and sustainable urban expansion in Oyo State.
As of today, Potential buyers can get allocation of land and start developing in the Riverside estate at affordable land prices ranging between 9,500 Naira per square meter.