Oyo Govt issues C of O for Rayfield Gardens City Estate Project

Kemi Olaitan in Ibadan

The Oyo State Government has issued a Certificate of Occupancy (C of O) for the Rayfield Gardens City Estate project, located at Christopher Adebayo Alao-Akala GRA, Wofun, Monatan, Iwo Road area of Ibadan.

The Chief Executive Officer (CEO), Fendini Group, Prince Adelaja Adeoye, who made the disclosure in a statement issued in Ibadan, described the move as a significant milestone for the estate and its investors.

He said the group is excited that the state government issued the legal title documents to protect its investment, which has been under processing for some time now, stating that the achievement is a testament to the safety and security of the project as a prime investment destination for residents, subscribers, and investors.

According to him, Rayfield Gardens City Estate, which began full development in 2023, is a Public-Private Partnership (PPP) initiative between Fendini Group and the Oyo State Government through the Oyo State Investment and Public-Private Partnership Agency (OYSIPA), noting that the project aims to deliver over 400 housing units to address the housing needs of the state.

Adeoye stated further that the estate has already witnessed substantial development, including electricity, paved roads, solar-powered street lighting, perimeter fencing, smart CCTV cameras, premium security services, water drainage systems, and completed housing units ranging from classic to contemporary duplexes.

He said, “We are committed to excellence, transparency, and providing high-quality services to our residents. Our next step is to begin the issuance of title documents to our subscribers in accordance with our terms of offer. We appreciate our subscribers believing in us and trusting the vision from the start.”

Adeoye also expressed gratitude to Governor Seyi Makinde, stating that he visited the estate in October 2024 during which he inspected ongoing projects and commended the developer’s efforts.

He disclosed that the estate is fast becoming the best and top estate destination for luxury home seekers in Ibadan, adding that the serene environment and steady electricity supply have attracted early residents.

“In addition to residential developments, the estate has already established a shopping complex—WestMead Mall—and is seeking more investors to expand the commercial aspect of the estate. Planned additions include a school, banking hall, hospital, hotel, and office complex.”

Adeoye also lauded Governor Makinde for making Oyo State an attractive destination for real estate investment, citing the administration’s support for sustainable development, calling on the Federal Government to replicate Oyo State’s approach by creating a more enabling environment for developers through policy support and tax incentives.

He said, “Oyo State is fast becoming the preferred investment destination in Nigeria and Africa. The state government’s commitment to infrastructure and investor protection is unmatched. Affordable housing is achievable if the Federal Government supports developers with the right policies—such as tax waivers to offset the high costs of construction materials like cement, iron bars, and aggregates.

“Real estate stakeholders must work hand in hand with the government to strengthen the legal, economic, and regulatory framework to protect investments.

“Rayfield Gardens City Estate is offering residents not only housing but a comprehensive urban lifestyle within a secure, self-sustaining environment. Those who want to acquire our luxury duplexes or build their choice home by buying our available plots are encouraged to take advantage of this opportunity and become part of this visionary community.”