Oyo State Governor, ‘Seyi Makinde, has approved the release of ₦4.6 billion as the first tranche of compensation for property owners affected by the ongoing Senator Rashidi Ladoja Circular Road project, assuring beneficiaries of immediate payment.
The Governor made this known on Friday during a meeting with affected residents and property owners along the project corridor, where he also reaffirmed the government’s decision to maintain a 75-metre setback in built-up areas.
Makinde explained that all necessary administrative processes for the first phase of compensation had been concluded, adding that payments would be made directly into beneficiaries’ bank accounts.
He disclosed that recipients could begin receiving payment alerts from Friday night or Saturday morning.
The Governor said the decision to review the setback to 75 metres in built-up areas was aimed at addressing residents’ concerns while ensuring the successful execution of the major infrastructure project.
He further clarified that buildings located outside the approved 75-metre setback would not be affected, urging property owners in such areas to continue their normal activities without fear of demolition.
According to him, the affected corridor would also be fenced to improve safety and protect residents living within the project area.
Makinde urged residents to disregard rumours and misinformation surrounding the project, stressing that his administration remained committed to protecting their interests and ensuring that adequate compensation was paid.
He noted that he had earlier promised that compensation would be paid before the end of October, adding that he considered it necessary to personally address the residents before the commencement of disbursement.
The Governor described the Senator Rashidi Ladoja Circular Road as a strategic infrastructure project that would improve connectivity, stimulate economic activities and create new development opportunities across Oyo State.
Speaking on behalf of the affected property owners, Mr Ahmed Abiodun, Mr Kayode Oyejobi, Mrs Risikat Raji and Mrs Banke Adeyanju appreciated the Governor for approving the compensation and reviewing the setback to 75 metres in built-up areas.
They commended the government’s responsiveness to their concerns and pledged their continued support for the administration.
They expressed appreciation for the government’s responsiveness to their concerns and assured Governor Makinde of their continued support for the success of his administration.
