JUST IN: Oyo Government Approves #5.8 Billion Compensation For Circular Road Property Owners

JUST IN: Oyo Government Approves #5.8 Billion Compensation For Circular Road Property Owners ‎
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‎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
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‎In a statement by the Commissioner for Information, Prince Dotun Oyelade, a total Five Billion, Eight hundred and Thirteen Million Naira will be paid to these categories of people.
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‎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.
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‎The Council recalled that over Eight Hundred Million Naira had earlier been paid in the first phase as compensation for displaced persons in the past 18 months
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‎According to the Information Commissioner, Oyo State is one of the few states in the Federation that has continued to support the masses since the removal of the fuel subsidy
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‎Prince Oyelade added further that In continuation of the Administration’s belief in entrenching the State’s culture and expanding it’s global potentials, the Council approved the hosting of the Year 2026 Oyo state International Tourism Summit, stressing that the Council believed that the approval will consolidate the huge successes recorded in previous editions.