Why we will sell Lagos-based Edo House –Oshiomhole



Governor Adams Oshiomhole of Edo State yesterday described as childish, mischievous and petty, criticisms by the Peoples Democratic Party (PDP) over his administration’s plan to sell the Edo House in Lagos State.
Oshiomhole, who spoke at the Government House in Benin, said his administration had perfected plan to sell the house with a view to use the proceeds to build a five-star hotel and develop the proposed Benin Business District.
The governor flayed the past PDP governments for abandoning and pushing the state to its current dilapidated status.
Oshiomhole said: “My mandate is not to develop Lagos State, my mandate is to develop Edo State and, therefore, I have no apologies for those who think that purely for political reasons, we should keep our largest asset in Lagos to be wasting away. The responsibility of a governor is to think not just about today, but about the future.
“For us, we decided to even advertise the sale. If it were the PDP, they would not have even advertised it. The PDP government sold all kinds of properties in GRA (without advertisement). Today, we don’t have any guest house because those properties were sold. And none of those properties were advertised. One of the PDP senators even acquired a land here for less than N1 million on a GRA land.

“That case is not yet closed. We are looking at it with a view to recovering it. And if he wants to use it, we will put it on its market value. If he can afford it, he takes it. But if he cannot, we confiscate it and put it to public use.

“I think it makes more sense for Edo people to sell the house and bring the investment down to Edo State, as well as use it as first of preference to build a five-star hotel. If the money is not enough, we will use it to start the construction and find other resources to complete it or do a Public Private Partnership (PPP). Incidentally, during my last visit to Washington about 10 days ago, I had a deal with the American overseas NEXIM Bank to fund the construction of a hotel. If that comes to past, we expect to raise about $250 million.
 If we get that, we will get a five-star Marriot Hotel that will forever change and make a bold statement about our tourist potential as a state.
“So, since we cannot physically relocate the house in Lagos to Benin, we will put it in the market and use the proceeds to develop Benin.”



National mirror
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