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The Oyo State Government has signed contracts worth N3.5bn for the first phase of upgrading and remodelling three rural markets across the state.
The initiative, under the Oyo State Rural Access and Agricultural Marketing Project, aims to modernise rural markets to support agricultural productivity and improve market access for farmers and traders.
The markets selected for the first phase include Aare-Alasa Market in Akanran, Ona-Ara Local Government Area; Oja-Agbe Market in Iseyin Local Government Area; and Oja-Oba Market in Ibarapa Central Local Government Area.
The Commissioner for Agriculture and Rural Development, Olasunkanmi Olaleye, disclosed this in a statement issued by the state’s Commissioner for Information and Orientation, Dotun Oyelade, in Ibadan on Sunday.
Olaleye reiterated the government’s commitment to transforming rural markets into functional and modern hubs equipped with upgraded infrastructure, improved storage facilities, and enhanced access roads.
“These markets will undergo comprehensive modernisation, including upgraded infrastructure, enhanced storage facilities, improved access roads, and other critical features aimed at streamlining agricultural logistics and supporting both farmers and traders,” he said.
In her remarks, the Permanent Secretary of the Ministry, Abosede Owoeye, described the contract signing as a significant milestone in the state’s agricultural transformation efforts.
She noted that the initiative aligns with Governor Seyi Makinde’s vision of ensuring food security and economic empowerment in rural communities.
The Coordinator of OY-RAAMP, Adeola Ekundayo, stated that the N3.5bn allocation covers N1,227,196,608.81 for the Aare-Alasa Market in Ona-Ara LGA, N1,219,954,792.90 for the Oja-Agbe Market in Iseyin LGA, and N1,042,800,042.63 for the Oja-Oba Market in Ibarapa Central LGA.
Ekundayo explained that the Agro-Logistics component of RAAMP is designed to improve rural market infrastructure, reduce post-harvest losses, and boost rural road linkages, thereby enhancing the accessibility and profitability of agricultural produce.
She also announced that Quicbond Nigeria Ltd will handle the Aare-Alasa Market upgrade, Lee Fakino Nigeria Ltd will oversee the Oja-Agbe Market project, and AB-Bond Habitat Ltd has been awarded the contract for Oja-Oba Market.
Ekundayo urged the contractors to collaborate with host communities to ensure smooth implementation and long-term sustainability of the projects.
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