₦airaland Forum

The Oyo State Executive Council on Tuesday approved fresh financial commitments to accelerate infrastructure delivery, support affected citizens and cushion economic hardship for residents.

NaijaChoice News gathered that the decisions, taken at the meeting presided over by Governor Seyi Makinde, centre on the ongoing Rashidi Ladoja Circular Road and other priority projects.

Council released an additional N5.813 billion as compensation to more than 900 property owners whose lands fall within the 110-kilometre circular road corridor. The project, which encircles Ibadan, is designed to ease chronic traffic gridlock and open up new economic corridors in the state capital.

In a related move, the ExCo approved N3.981 billion for the reconstruction of the Okaka Junction–Otu–Igbojaiye–KAP Film Village Road. The sum, which covers bridge construction over the Otu and Ofiki rivers, brings the total project cost to N30.464 billion and will improve access to the fast-growing film hub in Oke-Ogun.

The council also voted N126.912 million to complete the Oyo State Christian Wing multipurpose hall, a project first started over 25 years ago during the administration of late Governor Lam Adesina. Officials say the facility will serve pilgrims and faith-based events once finished.

To further support workers and commuters, N710.382 million was approved for transportation subsidies under the Sustainable Actions for Economic Recovery (SAfER) programme. The funds will run from March to August 2026, extending relief amid rising transport costs.

In the same vein, the ExCo gave the nod for Oyo State to host the 2026 edition of the International Tourism Summit. The event is expected to build on gains from previous editions and showcase the state’s rich cultural heritage and investment potential to global audiences.

These approvals reflect the state government’s continued push to deliver tangible dividends of democracy, from road infrastructure to citizen welfare and tourism growth.

Residents in affected communities are expected to receive their compensation promptly, while contractors have been urged to fast-track work on the approved projects.

HacheNoire:
NGN 5.813 billion for over 900 properties 😳😳😳

Is this wickedness or sheer wickedness?

So with the massive destruction carried out, each property owner will get a paltry NGN 6 million?

Is the Oyo state government conversant with cost of building materials?

This is robbery and absolute insult to the affected property owners.

OLOKOESHIN:
Makinde where’s 30 billion you collected from FG. I used to think this guy was a God sent until Fayose opened up

Ibehchizzy:
Roughly 6.4million for each owner

This is robbery and absolute insult to the affected property owners.

odeku457:
Well some govt won't even pay until 9 years.

Seyi ((not a SAINT) still have some Conscience.

That if anyone really cares to knows him.

I hope these people get paid soon.

HacheNoire:
NGN 5.813 billion for over 900 properties 😳😳😳

Is this wickedness or sheer wickedness?

So with the massive destruction carried out, each property owner will get a paltry NGN 6 million?

Is the Oyo state government conversant with cost of building materials?

This is robbery and absolute insult to the affected property owners.

OLOKOESHIN:
Makinde where’s 30 billion you collected from FG. I used to think this guy was a God sent until Fayose opened up

HacheNoire:
NGN 5.813 billion for over 900 properties 😳😳😳

Is this wickedness or sheer wickedness?

So with the massive destruction carried out, each property owner will get a paltry NGN 6 million?

Is the Oyo state government conversant with cost of building materials?

This is robbery and absolute insult to the affected property owners.

yemre:
This your comment is not very okay. There is one fact people fail to understand. I don't want to know how many millions you bought your land, all lands belong to the government. And when government wants to use it, especially for development, they pay compensation they don't buy.

In addition, remember that this circular road passes through undeveloped areas of oyo state where each plot of land in some of those places might not even be worth 700k.

Were you expecting the government to pay them 50 million Naira each?

You people need to think deeply before making comment on public forum like this.

HacheNoire:
NGN 5.813 billion for over 900 properties 😳😳😳

Is this wickedness or sheer wickedness?

So with the massive destruction carried out, each property owner will get a paltry NGN 6 million?

Is the Oyo state government conversant with cost of building materials?

This is robbery and absolute insult to the affected property owners.

yemre:
This your comment is not very okay. There is one fact people fail to understand. I don't want to know how many millions you bought your land, all lands belong to the government. And when government wants to use it, especially for development, they pay compensation they don't buy.

In addition, remember that this circular road passes through undeveloped areas of oyo state where each plot of land in some of those places might not even be worth 700k.

Were you expecting the government to pay them 50 million Naira each?

You people need to think deeply before making comment on public forum like this.