Oyo State pays over 5 billion naira to property owners for Road Project

The Oyo State Government paid more than ₦5.35 billion in compensation to 578 property owners affected by the first segment of the Ibadan Circular Road Project.

This infrastructure project spans 32.2 kilometres from the Abiola Ajimobi Technical University axis on the Lagos-Ibadan Expressway through Ona Ara LGA to Badeku Junction on the Ibadan-Ife Expressway in Egbeda LGA. Governor Seyi Makinde approved payments for two categories of property owners.

The first category, known as Right of Way, covers properties within 75 metres of the road median. The governor reduced the initial setback from 150 metres to 75 metres in built-up areas after residents expressed concerns. For this group, the government approved ₦3,862,151,322.20, and 378 claimants have already received their payments after completing required documentation. The second category, called Omission, includes individuals who claimed their properties were affected without initial enumeration.

The New Towns and Cities Development Authority and the Ministry of Lands, Housing and Urban Development conducted a new survey that identified 251 extra structures. Governor Makinde approved ₦1,813,954,100.00 for these owners, with 200 claimants receiving payments so far. The government continues the compensation exercise for remaining claimants. Some owners have not yet appeared before the screening committee, and 16 claimants faced payment failures due to bank account discrepancies.

The administration says it will continue to process payments until all eligible residents receive their funds.