Oyo approves N5.8BN for circular road property owners
Oyo approves N5.8BN for circular road property owners
The Oyo State Executive Council meeting, chaired by the State Governor, has approved compensation for over 900 property owners whose lands were affected by the ongoing construction of the Ibadan Circular Road
In a statement by the Commissioner for Information, Prince Dotun Oyelade, a total of N5,813,000,000 (Five Billion, Eight hundred and Thirteen Million Naira) will be paid to these categories of people.
The Council noted that the compensation will not only put a stop to the agitation and misinformation surrounding this laudable project, but will also pave the way for accelerated planning and development, foster investors’ confidence, and bring to reality the vision of a transformed urban development of Ibadan and Oyo State as conceived by Governor Seyi Makinde.
