The Oyo State Government has released more than ₦5.35 billion in compensation to 578 property owners whose lands were affected by the first segment of the Ibadan Circular Road project. The payment marks a significant step in concluding the resettlement component of the road’s construction.
According to the state’s announcement, the compensation package was distributed to the affected owners after the completion of the initial phase of the circular road, a key infrastructure link intended to ease traffic congestion in Ibadan, the state’s capital.
The disbursement follows a series of assessments carried out by the Oyo State Ministry of Works and Transport, which identified the owners eligible for reimbursement based on the extent of land acquisition for the project.
Oyo State, located in Nigeria’s southwestern region, has been pursuing major road upgrades to support its growing population and economic activity. The Ibadan Circular Road is part of a broader effort to improve connectivity across the state.
State officials indicated that the compensation will enable the 578 beneficiaries to either rebuild on new sites or invest in alternative livelihood opportunities, thereby mitigating the impact of the land acquisition.
<small>Source: Punch Nigeria — read the original story there.</small>
