The Oyo State Executive Council meeting, chaired by the State Governor, Engr. Seyi Makinde, has approved compensation for over 900 property owners, whose lands were affected by the ongoing Ibadan Circular Road construction.
A statement by the state Commissioner for Information, Dotun Oyelade, explained that a total sum of N5,813,000,000 (Five Billion, Eight hundred and Thirteen Million Naira) will be paid to these categories of people.
The statement added that the compensation will not only put a stop to the agitation and misinformation surrounding the project, but will also pave the way for accelerated planning and development, foster investors’ confidence, and bring to reality the vision of a transformed urban development of Ibadan and Oyo State as conceived by Governor Makinde.
The Council recalled that over N800,000,000 (Eight Hundred Million Naira) had earlier been paid in the first phase as compensation for displaced persons in the past 18 months
The Council also approved the sum of N710,382,000 (Seven Hundred and Ten Million, Three Hundred and Eighty- Two Thousand Naira) to cover transportation subsidy for the period between March and August 2026.
The State Executive Council stressed the strategic importance of the ongoing reconstruction and rehabilitation of the Okaka Junction–Otu–Igbeti–Kishi road and the construction of bridges over the Otu and Ofiki rivers at a cost of N26,482,664,000 (Twenty-Six Billion, Four Hundred and Eighty-Two Million, Six Hundred and Sixty-Four thousand naira)
Council also approved the expansion of this project by N3,981,431,000 (Three Billion, Nine Hundred and Eighty-One Million, Four Hundred and Thirty-One Thousand Naira)
According to the Information Commissioner, Council further approved the completion of the Oyo State Christian Wing multipurpose hall, which was initiated over 25 years ago during the administration of late Alhaji Lam Adesina, noting that the completion will cost N126,912,000 (One Hundred and Twenty-Six Million, Nine Hundred and Twelve Thousand Naira)
Prince Oyelade added further that In continuation of the Administration’s belief in entrenching the State’s culture and expanding it’s global potentials, Council approved the hosting of the Year 2026 Oyo state International Tourism Summit, expressing optimism that this will consolidate the huge successes recorded in the previous editions.
