Mr Babajide Odusolu, the Managing Director, Ogun Property and Investment Corporation (OPIC), on Friday said that the corporation generated N2 billion revenue between January and August.
Odusolu disclosed this known in Abeokuta during an oversight visit to OPIC by members of Ogun House of Assembly Committee on Investment, Commerce and Industry.
The managing director said that the N2 billion was just 14.2 per cent of the projected revenue for the period.
He said that the revenue was generated from surveys, planning and building fees, plots allocation, layout fees, sale of buildings, incomes from investment and rents on government assets and property.
Odusolu said that the corporation had initiated and completed multiple housing prototypes across its various estates.
He said that OPIC had also completed 11km roads at OPIC Estate in Agbara.
Odusolu said that the corporation was not indebted, saying that every money spent was from the IGR of the corporation.
``We attracted business to come and buy what we have; we generated money from proceeds of sales and from our existing schemes.
``Orange Valley Estate in Abeokuta was also constructed with 100 per cent revenue generated by the corporation,’’ he said.
The committee chairman, Mr Bowale Solaja, urged the corporation to make the prices of its houses more affordable, saying that the people must benefit from the good works of the state government. (
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