{"id":7050,"date":"2026-06-19T17:38:15","date_gmt":"2026-06-19T17:38:15","guid":{"rendered":"https:\/\/stakebridgeirpr.com\/media\/?p=7050"},"modified":"2026-06-19T17:38:16","modified_gmt":"2026-06-19T17:38:16","slug":"osopadec-invests-n4bn-in-legacy-projects-across-ondo-riverine-areas","status":"publish","type":"post","link":"https:\/\/stakebridgeirpr.com\/media\/osopadec-invests-n4bn-in-legacy-projects-across-ondo-riverine-areas\/","title":{"rendered":"OSOPADEC Invests N4bn In Legacy Projects Across Ondo Riverine Areas"},"content":{"rendered":"

By Olumide Johnson<\/strong><\/p>\n

 <\/p>\n

The Ondo State Oil Producing Areas Development Commission (OSOPADEC) recently disclosed that it has spent more than N4 billion completing inherited and previously abandoned infrastructure projects across oil-producing riverine communities in Ondo State. During an inspection of completed projects, Dipo Aluko, Director of Project Monitoring, and Olabiyi Poroye, Chairman of OSOPADEC, said that the commission prioritised legacy projects before initiating new ones. Completed projects include the General Hospital at Agadagba-Obon, the one-kilometre Igbotu Township Road, a 1,000-metre concrete walkway with jetty at Obenla and multiple landing walkways across Ilaje and Ese Odo Local Government Areas.<\/p>\n

DECISION HIGHLIGHT<\/strong><\/p>\n

OSOPADEC has adopted a completion-first infrastructure strategy, prioritising asset recovery and continuity over the launch of new projects despite resource constraints.<\/p>\n

DECISION MEMO <\/strong><\/p>\n

The commission’s approach reflects a governance choice increasingly relevant to sub-national development agencies: whether to expand project pipelines or maximise value from existing commitments.<\/p>\n

By focusing on inherited projects, OSOPADEC is attempting to reduce the economic and social costs associated with abandoned public assets. The strategy also addresses a recurring challenge in public infrastructure management, where political transitions often leave partially completed projects without continuity.<\/p>\n

Aluko underscored the scale of expenditure, stating: \u201cThe completed projects accounted for over N4 billion in the budget execution.\u201d He added that individual landing walkways cost between N45m and N50m on average, while \u201cthe Obenla concrete walkway alone costs N1.7 billion and has been completed.\u201d<\/p>\n

Poroye linked the policy to accountability and development continuity. According to Poroye, \u201cExactly one year ago, we accepted the responsibility of leading OSOPADEC with a promise that the resources entrusted to us would be translated into visible projects, improved livelihoods and renewed hope for our people.\u201d<\/p>\n

The commission’s decision to replace wooden walkways with concrete structures also suggests a shift towards longer-life infrastructure in riverine communities where transportation and accessibility remain critical development constraints.<\/p>\n

However, Poroye acknowledged that financing remains a limiting factor. \u201cWe have limited resources. We are dealing with 40 percent derivation,\u201d he said, highlighting the fiscal realities shaping project execution.<\/p>\n

The broader implication is that OSOPADEC is attempting to improve infrastructure outcomes through project completion discipline rather than project proliferation, a model that could improve public asset utilisation if sustained.<\/p>\n

DATA BOX<\/strong><\/p>\n