Ibara Regeneration Scheme: Ogun Government Warns Allottees Against Reselling Land
Abeokuta, Nigeria – The Ogun State Government has issued a stern warning to allottees of the Ibara Regeneration Scheme, prohibiting the resale of allocated land. This directive aims to ensure that the purpose of the scheme is not compromised.
At a stakeholders’ meeting held on Saturday in Abeokuta, the Commissioner for Housing, Jagunmolu Jamiu Omoniyi, emphasized the government’s vision of creating a world-class new city in Ogun State, drawing parallels to Banana Island and Parkview Estates in Lagos.
“The present administration’s vision is to revolutionize housing in the state,” Omoniyi stated. “We intend to recreate another Abeokuta where our sons and daughters who live abroad, Lagos, or Abuja, can find a place they can call their own instead of staying in hotels whenever they visit.”
Omoniyi outlined the state’s strict policy against speculative buying, mandating that allottees begin construction within 60 days of allocation. Failure to comply will result in revocation of the land.
“We will not allow anyone to buy and resell these plots,” he asserted. “If you do not start developing your plot within 60 days, as per the agreement signed under oath, we will revoke the allocation regardless of the individual’s status.”
The commissioner provided historical context, explaining that the Ibara Estate was initially developed to accommodate civil servants relocated from Ibadan during Ogun State’s creation. However, despite significant development in other Government Reservation Areas (GRAs) of the former Western Region, Ibara GRA has remained underdeveloped.
“Ibara Estate sits on 32 hectares of land valued at over N20 billion today,” Omoniyi noted. “By not developing this estate, we deny ourselves its value. Our intervention in the last three months has already increased the value of properties here significantly.”
He added that plots previously sold for about N25 million now fetch between N50 million and N60 million.
Omoniyi acknowledged the challenges faced by the administration due to negative campaigns but assured that the vision for housing development remains unwavering. He highlighted that various housing projects across the state have created employment for nearly 50,000 people, with the Ibara Regeneration Scheme alone providing jobs for about 160 artisans.
The commissioner detailed that the project is divided into two clusters: the first comprising 35 units of five-bedroom duplexes with two-bedroom boys’ quarters, and the second involving land allocation to subscribers who will build according to specified guidelines.
“Despite the efforts to derail our progress, the Prince Dapo Abiodun-led administration is committed to seeing its vision for housing come to fruition,” Omoniyi concluded.
This bold initiative is set to transform the Ibara Estate into a modern urban enclave, reflecting the state’s commitment to innovative and sustainable urban development.
