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Oyo Pays ₦5.35bn Compensation to 578 Ibadan Circular Road Property Owners

byStephen Abebor
November 11, 2026
in Economy, News
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Oyo Pays ₦5.35bn Compensation to 578 Ibadan Circular Road Property Owners
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The Oyo State Government has disbursed more than ₦5.35 billion in compensation to 578 property owners affected by the first segment of the Ibadan Circular Road project, as the administration of Governor Seyi Makinde continues the payment exercise.

The Executive Adviser to the Governor on New Towns and Cities, Mofoluke Adebiyi, disclosed the development in a statement issued by the governor’s Special Adviser on Media, Sulaimon Olanrewaju, on Sunday, November 8, 2026, in Ibadan.

According to the News Agency of Nigeria (NAN), the compensation covers property owners classified under the Right of Way (RoW) and Omission categories, following screening and the execution of Deeds of Indemnity.

The first segment of the road spans 32.2 kilometres, running from the Abiola Ajimobi Technical University axis along the Lagos-Ibadan Expressway in Oluyole Local Government Area, through Ona Ara, to Badeku Junction on the Ibadan-Ife Expressway in Egbeda Local Government Area.

Under the Right of Way category, which covers properties located within 75 metres on either side of the road median, 674 structures were initially identified for compensation.

The government approved ₦3.86 billion for the category, while 378 claimants have completed the required documentation, obtained clearance and received their payments.

Adebiyi said Makinde approved a reduction of the initial 150-metre setback to 75 metres in built-up and clustered areas following appeals and concerns raised by residents in affected communities.

For the Omission category, which covers property owners who claimed their buildings were affected but were excluded from the initial enumeration, a fresh assessment identified 251 affected structures.

The government subsequently approved ₦1.81 billion for compensation under the category. Of the 216 property owners who appeared before the relevant screening committee, 200 completed the documentation process and received a combined ₦1.49 billion.

However, the compensation exercise remains ongoing, with 263 Right of Way claimants and 35 Omission claimants yet to appear before the screening committee.

The government also recorded 16 unsuccessful payment transactions caused by discrepancies between the names provided during screening and the bank account details submitted by beneficiaries.

Adebiyi said efforts were underway to resolve the payment issues, assuring affected property owners that eligible claims would be processed in accordance with established procedures.

She maintained that the exercise was being conducted transparently and without favouritism, with due process guiding the compensation process.

The state government said the payments reflected its commitment to delivering the infrastructure project while addressing the interests of residents whose properties were affected by its construction.

Tags: CompensationIbadan Circular RoadInfrastructure DevelopmentLand AcquisitionNigerian EconomyOyo StateProperty OwnersReal estateRight of WayRoad ConstructionSeyi Makindestate government
Stephen Abebor

Stephen Abebor

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