Osun State's ₦16.5bn investment in Ilesa to Transform city into a Strategic Business Hub
The "ancient city" of Ilesa is undergoing a dramatic modern facelift that is repositioning it as one of Southwest Nigeria's most attractive commercial corridors. The Osun State Government has confirmed the completion and ongoing impact of ₦16.5 billion worth of road infrastructure, specifically targeted at the city’s industrial heart.
In an inspection conducted this February 2026, state officials and community leaders highlighted that the projects are not merely about "fixing potholes" but are a deliberate attempt to move Ilesa from a traditional settlement to a high-velocity industrial and logistics hub.
A Historic First: The 6.2km Dual Carriageway
For the first time in its history, Ilesa now boasts a modern dual carriageway. The flagship project spans 6.2 kilometers, stretching from the Palace of the Owa-Obokun through the Imo/International Brewery axis to the Ilesa Akure Expressway.
Technical features include:
Expansive walkways to improve pedestrian safety.
Solar-powered street lighting to support 24-hour economic activity.
Strategic placement: The road was specifically designed to serve the "Industrial Section" of Ilesa, easing the transport of raw materials and finished goods for major players like International Breweries.
The "Ilesa 10": Township Roads Stimulating Real Estate
Beyond the dual carriageway, the ₦16.5bn investment covers 10 critical township roads that have unlocked previously inaccessible land for residential and commercial development. These roads include:
Ademoroti, Ogbon Titun, and Bonke Roads.
Ita Ofa, Imose, and Adeti Roads.
The strategic Atakunmosa Market and INEC access roads.
According to Engr. Moruf Ojebode, Director of Highways, these internal networks have already begun transforming residential houses into corporate offices, retail outlets, and start-up hubs.
Impact on the Nigeria Housing Market
This infrastructure surge in Osun State presents three immediate opportunities:
Commercial Appreciation: Properties along the Imo International Brewery corridor are seeing a "majestic upliftment" in value as they transition from residential use to high-yield commercial hubs.
Logistics & Warehousing: With direct, high-quality access to the Ilesa Akure Expressway, Ilesa is becoming a prime spot for regional distribution centers.
Rental Yields: Improved connectivity and solar lighting have increased the "liveability" of the town, attracting professionals who work in the industrial sector but require modern housing standards.
The Verdict: A "Second Term" Endorsement
The transformation is so visible that local community heads and the National Union of Road Transport Workers (NURTW) have publicly endorsed Governor Ademola Adeleke for a second term ahead of the 2026 gubernatorial polls. Beyond the politics, the economic reality is clear: Ilesa is no longer just an "ancient town" it is a modern contender in the Nigerian real estate and industrial space.
Key Takeaways for Investors
Focus Area: Priority should be given to properties along the 6.2km dual carriageway for maximum commercial returns.
Infrastructure Lead: The addition of solar street lights significantly boosts property security and value.
Industrial Proximity: Use the location of International Breweries as a geographic anchor for new warehouse or rental investments.
