The Oyo State Government has disbursed more than N5.35 billion in compensation to 578 property owners who were affected by the first segment of the Ibadan Circular Road Project.
The payment, announced by the state authorities, is intended to address the losses suffered by residents whose homes and businesses were impacted during the construction of the road’s initial phase.
Ibadan Circular Road is a key infrastructure initiative aimed at improving traffic flow and connectivity around the city of Ibadan, the capital of Oyo State in southwestern Nigeria.
By releasing the compensation, the government seeks to resolve longstanding grievances of affected property owners and to demonstrate its commitment to supporting those impacted by public works projects.
Oyo State officials confirmed that the total disbursement exceeds N5.35 billion, covering the 578 individuals who had lodged claims related to the first segment of the road.
<small>Source: Punch Nigeria — read the original story there.</small>