Bolaji Ogundele, Abuja
Ondo State Government on Thursday signed a $1.1billion Memorandum of Understanding (MoU) with a Germany-based firm, Medicus International, for the construction of a world class medical complex in Akure, the state capital.
The project, which will be completed in 48 months, will be jointly sponsored by both the Ondo State Government and the firm.
But while the state government will contribute a hundred hectare landed facility, the German company will provide the whole of the $1.1 billion.
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The MoU, which was signed in Abuja by the Secretary to the Ondo State Government (SSG), Hon. Ifedayo Abegunde, and the Chief Executive Officer (CEO) of Medicus International, Frank Spriewald, was witnessed by Governor Oluwarotimi Akeredolu.
Speaking after the signing ceremony, Governor Akeredolu said he was more than convinced that Medicus International had a good intention to develop the medical infrastructure in Ondo State.
The governor said: “I am more than convinced that Medicus has good intention. And as I told them when they came, I said coincidentally, about few weeks ago I was in Germany myself and I saw their structure. When I was in Berlin, I was talking to another medical organisation to bring their facility to Ondo State. I was negotiating with them not knowing that someone else was already waiting for us.”
Earlier, the facilitator for Medicus International, Chief Oludare Bello, said the time for the execution of the project would be 36 months and development would be completed in 48 months.
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