Oyo Govt pays ₦780m in fourth round of compensation for Circular Road Project
The Oyo State Government has released another round of compensation to property owners affected by the ongoing Circular Road project in Ibadan, with a total of ₦780 million disbursed in the fourth batch.
The payment was made public on Thursday at the office of the Commissioner for Lands, Housing and Urban Development, Mr. Williams Funmilayo, who explained that the initiative was part of the state government’s commitment to fairness and transparency in handling the multi-billion-naira infrastructure project.
According to the commissioner, 298 properties were identified for compensation in the first segment of the road construction. Out of these, 193 property owners have received payment, while 105 beneficiaries are yet to undergo the necessary screening and verification process.
Funmilayo emphasized that the verification stage was crucial to eliminate fraudulent claims and to ensure that only genuine owners were compensated.
He urged those yet to appear for the exercise to come forward with their documents, assuring that their payments would be processed promptly once they were cleared.
He disclosed that while ₦780 million had already been paid, the total compensation due stands at approximately ₦980 million, leaving an outstanding balance to be cleared as soon as the remaining beneficiaries complete the required procedures.
The commissioner further noted that the ministry had documented the names of the outstanding property owners and planned to intensify sensitisation efforts across affected communities to encourage full participation.
The Ibadan Circular Road project, described as one of Oyo State’s most ambitious infrastructure undertakings, is aimed at easing traffic congestion within the metropolis, boosting inter-city connectivity, and spurring economic growth across the state.
Funmilayo assured that Governor Seyi Makinde’s administration would remain committed to balancing development with justice to residents, stressing that the compensation package reflects the government’s resolve to protect the interests of citizens while pursuing major developmental projects.
