Oyo State Government Disburses N5.35 Billion Compensation for Circular Road Project

According to Punch Newspapers, the Oyo State Government has made significant strides in its Ibadan Circular Road Project by disbursing over ₦5.35 billion in compensation to 578 property owners whose properties were affected by the First Segment of the project. This development marks a major milestone in the ambitious infrastructure project that is expected to ease traffic congestion and improve connectivity within the city of Ibadan, the capital of Oyo State. The disbursement was part of the government’s commitment to ensure fair and timely compensation for affected property owners, a move that is aimed at fostering harmony and minimizing disputes during the course of the project. The exact date when the disbursement occurred was not specified in the report from Punch Newspapers. This development is significant for residents of Ibadan and property owners within the affected areas, as it signals a step closer to the completion of the project and the promised benefits it will bring.