The Oyo State Government has disbursed over N5.35 billion in compensation to 578 property owners affected by the First Segment of the Ibadan Circular Road Project. This marks a significant milestone in the implementation of one of the state's most ambitious infrastructure projects. Governor Seyi Makinde's administration aims to balance development with the protection of citizens' interests. The project spans 32.2 kilometres, stretching from the Abiola Ajimobi Technical University axis to Badeku Junction.
The First Segment of the Ibadan Circular Road Project affects properties in two categories: Right of Way (RoW) and Omission. Under the Right of Way Category, 674 structures were enumerated within 75 metres on either side of the road median. Governor Makinde approved N3,862,151,322.20 for affected owners in this category. So far, 411 claimants have been screened, and 378 have received their compensation payments. The Omission Category consists of individuals who claimed their properties were affected without prior enumeration or compensation.
A fresh enumeration exercise was conducted for the Omission Category, identifying 251 affected structures. Governor Makinde approved N1,813,954,100.00 as compensation for property owners in this category. Records show that 216 property owners have appeared before the Monitoring Team, and 200 claimants have been cleared and paid a total of N1,493,784,700.00. In total, 578 property owners across both categories have received compensation payments.
Mofoluke Adebiyi, Executive Adviser to the Governor on New Towns and Cities, stated that the compensation exercise remains ongoing. The Government is committed to ensuring that all eligible claimants who satisfy the stipulated requirements receive their payments. Adebiyi noted that 263 claimants in the Right of Way Category and 35 claimants in the Omission Category have yet to appear before the Screening Committee.
Adebiyi also mentioned that only 16 claimants experienced unsuccessful payment transactions due to discrepancies between the names submitted during screening and the bank account details provided. Efforts are ongoing to resolve the issues and facilitate payment. She reiterated that the compensation exercise has been conducted transparently, fairly, and without favouritism.
The Oyo State Government reaffirmed its commitment to delivering transformative infrastructure while safeguarding the interests of affected residents. The payment of over N5.35 billion in compensation reflects the administration's resolve to ensure that development proceeds hand in hand with fairness, accountability, and responsible governance. The project aims to improve infrastructure and development in the state.
The Oyo State Government's efforts to balance development with the protection of citizens' interests are ongoing. The administration continues to prioritize the needs of affected residents, ensuring that they receive fair compensation for their properties. The Ibadan Circular Road Project is expected to have a positive impact on the state's economy and infrastructure.
Key points
- Oyo State Government disburses N5.35 billion to 578 property owners affected by the Ibadan Circular Road Project.
- The project spans 32.2 kilometres and affects properties in two categories: Right of Way (RoW) and Omission.
- The compensation exercise remains ongoing, with the Government committed to ensuring that all eligible claimants receive their payments.
