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Home » Oyo Signs N3.5bn Contract To Upgrade Rural Markets
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Oyo Signs N3.5bn Contract To Upgrade Rural Markets

Rural markets, Oyo state,
Abimbola OgunaikeBy Abimbola OgunaikeMay 4, 2025Updated:May 4, 2025No Comments375 Views
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Oyo State Rural Access and Agricultural Marketing Project has awarded contracts worth N3.5 billion for the first phase of physical improvement and remodelling of three markets across the state.

The state Commissioner for Agriculture and Rural Development, Olasunkanmi Olaleye, who made this disclosure via a statement released on Sunday, 4 May, 2025 by the state Commissioner for Information and Orientation, Dotun Oyelade, in Ibadan, the state capital.

The three markets selected for the first phase of the physical improvement  according to the statement are: Aare-Alasa Market, Akanran area, Ona-Ara Local Government; Oja-Agbe Market, Iseyin Local Government; and Oja-Oba Market, Ibarapa Central Local Government.

He reaffirmed the government’s dedication to transforming rural markets into modern, functional hubs that will drive agricultural productivity and improve access to markets across the state.

“These markets will undergo comprehensive modernization, including upgraded infrastructure, enhanced storage facilities, improved access roads, and other critical features aimed at streamlining agricultural logistics and supporting both farmers and traders.”

Speaking at the event, the Permanent Secretary of the ministry, Abosede Owoeye, described the contract signing as a significant milestone in the state’s agricultural transformation efforts, stressing that the initiative aligns with Governor Seyi Makinde’s vision of ensuring food security and economic empowerment in rural communities.

The OY-RAAMP Coordinator, Adeola Ekundayo, In her address, explained that “the N3.5 billion allocation covers N1,227,196,608.81 for the Aare Alasa market upgrade, N1,219,954,792.90 for the Oja-Agbe market upgrade, N1,042,800,042.63 for the Oja-Oba market improvement.”

She noted that the Agro-Logistics component of RAAMP is strategically designed to enhance rural market infrastructure, ensure better linkage to rural roads, reduce post-harvest losses, and improve the accessibility of farm produce.

The contractors awarded for each project site are: Quicbond Nigeria Ltd– Aare Alasa Market, Ona-Ara LGA; Lee Fakino Nigeria Ltd– Oja-Agbe Market, Iseyin LGA; and AB-Bond Habitat Ltd– Oja-Oba Market, Ibarapa Central LGA

Ekundayo, therefore, urged the contractors to actively engage with the host communities throughout the project’s execution to ensure sustainability and local support.

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Abimbola Ogunaike

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