Oyo Approves N5.813bn Compensation For Over 900 Ibadan Circular Road Property Owners

Oyo approves N5.813bn compensation for over 900 Ibadan Circular Road property owners The Oyo State Executive Council has approved ₦5.813 billion as compensation for more than 900 property owners affected by the Ibadan Circular Road project, in a move aimed at reducing tensions, ensuring fairness, and sustaining infrastructure development across the state.

The Oyo State Government has taken a major step in its ongoing Ibadan Circular Road corridor project by approving ₦5.813 billion as compensation for property owners whose buildings and lands fall within the construction alignment. The approval was announced following a State Executive Council meeting, where officials reviewed ongoing compensation processes tied to the multi-segment road project designed to improve connectivity and ease traffic congestion in Ibadan. According to government officials, the payment will cover over 900 affected property owners, marking one of the largest compensation exercises undertaken in the state’s infrastructural development history. The government said the decision reflects its commitment to fairness, transparency, and reducing tensions associated with land acquisition for public infrastructure projects. It also reaffirmed that due process was followed in identifying and valuing affected properties.

• ₦5.813bn approved for compensation payouts
• Over 900 property owners affected by Circular Road project
• Aim to reduce disputes and ease community tensions
• Supports ongoing Ibadan Circular Road infrastructure development
• Reinforces government commitment to fair land acquisition practices

The Ibadan Circular Road is a major infrastructure project designed to improve traffic flow around the city and connect key economic corridors. The project has required acquisition of private lands, leading to multiple rounds of compensation payments over time.

Previous phases of the project have already seen the state disburse hundreds of millions to billions of naira in compensation as construction progresses across different segments of the road corridor Officials say the compensation exercise is part of broader efforts to balance infrastructure expansion with the rights of affected citizens. The administration maintains that adequate valuation and verification processes were carried out before approvals were made. With this latest approval, the state is expected to intensify both compensation payments and construction work on remaining sections of the Circular Road project. Analysts say timely disbursement could help reduce legal disputes and community resistance going forward.