Proposed MKO Abiola airport in Osun to gulp N69 billion


The proposed M. K. O Abiola International Airport in Ido-Osun, Osun, will cost N69 billion under a concession arrangement with an indigenous company, AWOL International, an official has said.

Niyi Ogundiran, the Director of Public Building in Osun State Ministry of Works, gave the figure at a meeting with members of the state Assembly in Osogbo on Thursday.

Mr. Ogundiran said the concession arrangement would last 30 years before permanent transfer of ownership to the state government.

He said the contract was first awarded on October 14, 2012, at the cost of N 4.5 billion, noting that the project was to be completed within eight months by the government and not under concession arrangement.

Mr. Ogundiran said the contract was later reviewed to gulp N11 billion to be able to accommodate more features.

He said the state government had spent N3.6 billion on the project before the concession arrangement, adding that the N3.6 billion would be deducted from the N69 billion contract sum.

Nurudeen Adeagbo, Permanent Secretary in the ministry, said the concession arrangement would be to the advantage of the state.

He expressed the hope that the company would deliver a perfect job.

In his remarks, the Deputy Speaker of the Assembly, Adegboye Akintunde, urged all those in charge of the project to ensure its success.

Mr. Akintunde said that Osun people were watching with keen interest to know the outcome of the arrangement.

Mr. Tunde, the Chairman of the House Committee on Commerce, Co-operatives and Industries, said that the airport project was a huge investment and must be handled carefully.

Mr. Olatunji said that, if well executed, the project would facilitate economic development of the state.



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  • Lanre

    Aregbesola. How does a project cost jump from 4.5b Naira to 69 billion Naira in five years? Horrible management, leadership and governance.

  • JasV

    These fools think that anybody can just wake up, build an airport and call it international airport. SORRY FOR YOU ALL

  • Kola

    A State that is barely able to pay civil servant, a state with no major industrial infrastructure, a state that the peasant farmers are unable to transport from the village to the city centre, their produce and so on and so on. But have the priority to build 69b naira airport. To transport what exactly???

    Expatriate into the bush or what???


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  • Dominic Jaja

    The Rauf Aregbesola government is totally out of its senses with this project. Where is the data to justify this white elephant project, How many people of Osun origin living in Osun state fly international flights daily, weekly, monthly, and annually? How many international airlines have signed to fly to this dead end airport. Why plunge this poor state into further abyss eight month to the end of your inglorious tenure in office?. The APC leadership should immediately rein in on Aregbesola to rescind on this decision if it aims to retain the state in the next governorship election, Aregbesola has done enough damage already and to mortgage the future of the state with this project is unacceptable. We are no fools….