Circular Road: Oyo disburses N5.35bn compensation to 578 property owners
AI Executive Briefing
Gemini Flash AI~45s readThe Oyo State Government has disbursed over ₦5.35 billion to 578 property owners affected by the 32.2km Ibadan Circular Road project. This initiative follows Governor Seyi Makinde's decision to reduce the project's setback requirements and conduct a secondary enumeration to address omitted properties.
Context & Background
- ✦The Ibadan Circular Road is a major infrastructure project spanning 32.2 kilometres across the Oluyole, Ona Ara, and Egbeda Local Government Areas.
- ✦The government implemented a policy shift to reduce the Right of Way setback from 150m to 75m to minimize displacement in clustered residential areas.
Key Figures & Named Entities
Governor Seyi Makinde:Approved the compensation funds and the reduction of the project setback.Mrs. Mofoluke Adebiyi:Executive Adviser on New Towns and Cities, overseeing the compensation progress.N3,862,151,322.20:Approved amount for the Right of Way category.N1,813,954,100.00:Approved amount for the omission category.
Outlook & Next Steps
The government continues to process payments for remaining eligible claimants who have yet to complete documentation or resolve bank account discrepancies.
Key Takeaways
AI Summary- The Oyo State Government has disbursed over ₦5.35 billion in compensation to 578 property owners impacted by the Ibadan Circular Road project.
- Governor Seyi Makinde reduced the project's Right of Way setback from 150m to 75m in built-up areas to mitigate the impact on residents.
- The compensation process covers two categories: the Right of Way (ROW) group and an 'omission' category for properties initially missed during enumeration.
Key Facts:Late October 2026: Governor Makinde approved an initial N4.6 billion as the first tranche of compensation for affected property owners.Current: The state government has successfully disbursed a total of N5.35 billion to 578 claimants across two compensation categories.
Editorial Excerpt
The Oyo State Government has disbursed over ₦5.35 billion in compensation to 578 property owners affected by the First Segment of the Ibadan Circular Road Project, marking a major milestone in the…
Frequently Asked Questions About This Story
Why were some property owners categorized as 'omission' claimants?
These were individuals whose properties were affected by the project but were not included in the initial enumeration exercise, necessitating a fresh survey by the state authorities.
What is the status of the compensation payments for those who have not yet been paid?
The exercise is ongoing; some claimants have yet to appear before the screening committee, while others are resolving documentation discrepancies or bank account name mismatches.
