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Home » Ekiti Gov pays N155m to property owners on Ikere-Akure dualisation project
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Ekiti Gov pays N155m to property owners on Ikere-Akure dualisation project

By The Hope Newspaper1 May 2025No Comments2 Mins Read
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….says road ‘ll boost business, safety, transport system

By Precious Owolabi, Ado-Ekiti

|

Ekiti State Governor, Mr. Biodun Oyebanji, has distributed a staggering sum of N155 million as compensation to those whose property were acquired for the construction of the Ikere-Akure dualisation project.

Oyebanji assured the citizens that embarking on projects that will add value and create vistas of economic activities and business development, will continue to dominate the priority lists of his administration.

He gave the assurance while flagging off the disbursement of compensation to those whose property were destroyed for the dualisation of the Ikere-Akure carriage way.

The governor, represented by his Deputy, Chief (Mrs.) Monisade Afuye, said the road was conceptualised to bolster business activities and enhance transportation system between Ekiti and Ondo States.

He said “This project is not just an infrastructural intervention, it is a crucial lifeline that will strengthen socio- economic ties between Ekiti and Ondo States and enhance the general wellbeing of our people.

“It is also part of the broader development policy to open up our communities, reduce travel time and ensure the safety and convenience of commuters along this crucial corridor.

“A total of N155,453,846.74 has been approved and earmarked for this compensation exercise. This covers the formal acquisition of land valuation and payments for unexhausted improvements on affected property. The transparent and fair disbursement of these funds is our priority, and I want to assure you that due process has been followed.”

He saluted the property owners for exhibiting understanding and surrendering their property to expand the scope of progress and development of the state.

“Though, what we are giving might not be commensurate or equal to your property, I want you to know that with this sacrifice, you have written your names with indelible ink in the history of development of our dear state. I urge you to use these funds wisely.

The Special Adviser on Lands, Survey and Geographical Information System (eGIS), Prof. James Olaleye, stressed that the property acquired were strategic for the successful construction of the road that will bolster economic activities and ease traffic gridlock along that pivotal corridor.

Olaleye described the road as one of the arteries of business and agricultural development in the state, particularly for its linkage to Ikere Ekiti, perceived as the second largest town in Ekiti State.

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