The Ogun State Property and Investment Corporation OPIC

Ogun state property and investment corporation was established in September 1984 and legally empowered by edict No 10 of  1985 to function as a self-sustaining statutory corporation to solve the problems associated with housing.

The  Ogun State Property and Investment Corporation OPIC
The front view of OPIC

This was a result of the vision to establish a state-owned investment corporation in Ogun state to address the deficit experienced by the government in fulfilling most of its obligations to the people. It originated under the military administration of  Lt. Gen. (Rtd) Oladipo Diya(FSS, MNI) the state governor between 1984 and 1985.

The late chief Olawale Otesile, the then permanent secretary in the Ogun civil service was seconded to the corporation at inception to midwife. At its take-off, chief Otesile and OPIC began turning vacant lands into catalysts of Development. His team of vibrant officers wore the first mantle of leadership of the corporation on the 1st of September 1985.

The mandates of the corporation include;
1. Development of residential communities.
2. Development of commercial and industrial hubs.
3. Development of commercial property assets.
4. Mortgage advisory/developer loans
5. Real estate brokerage service.
6. Letting and leasing services.

Over time, OPIC has gone from strength to strength under successive administrations and has provided clients with affordable accommodation in world-class secured, peaceful and serene environments with a conscious and determined effort to make its estate absolute self-sufficient in meeting the daily challenges of the residents.


Its headquarters is located within the popular OPIC roundabout, Oke Ilewo, Abeokuta, the Ogun State capital Southwest Nigeria and it consists of two high buildings.

 A six-floor building occupied by the OPIC itself. It was commissioned on the 30th of April 1994. The second is a twelve-floor commercial office tower which was commissioned on the 12th of May 2011 and presently occupied by various commercial entities, including banks, insurance companies, etc.

Presently, the corporation has created modern industrial and residential estates which have enhanced the quality of lives of the inhabitants by providing an excellent environment of international aesthetic standards.

Functions of OPIC

To this end, OPIC being empowered to perform the duties of a planning authority on the Corporation's estates laid out parts of its landed properties into industrial and residential plots for allocation of developed parts. And let them out on a commercial basis and promote Companies for purposes that may seem directly or indirectly calculated to benefit the Corporation.

As property developers, OPIC also develops, constructs and manages housing and industrial estates vested not only in Ogun State but in any part of Nigeria. The Corporation is empowered to carry on businesses as builders, architects, Consultants, Surveyors, bricks, block and tiles makers, as well as house and estate agents.

OPIC is also empowered to sell, lease, let, mortgage and otherwise deal with and dispose of any land, house or building on its estates. OPIC estate Layout designs are carried out with due consideration for aesthetics, peace, security, pleasure and comfort of residents. Each Estate is provided with public and social facilities such as neighbourhood parks, medical clinics, schools, libraries, police and fire stations, shopping complexes, banks, restaurants and night clubs, places of worship, waste disposal depot among others.