Makinde: Oyo Circular Road Land Compensation N4.6bn Approved

• Oyo State Governor Seyi Makinde approved N4.6 billion as the initial compensation for properties affected by the Senator Rashidi Ladoja Circular Road project.
• The compensation will be directly deposited into beneficiaries' bank accounts, with payments starting immediately from October 30, 2026.
• The 75-meter setback for built-up areas along the Oyo Circular Road corridor was reaffirmed, and the area will be fenced for safety.
• Governor Makinde personally met with affected property owners to announce the decisions and assure them of his administration's commitment to their interests.
• Property owners expressed appreciation for the compensation approval and the revised setback, pledging their support for the government.

Oyo State Governor Seyi Makinde has approved a significant N4.6 billion as the initial tranche of compensation for property owners impacted by the ongoing Senator Rashidi Ladoja Circular Road project.

Oyo State Governor Seyi Makinde has approved a significant N4.6 billion as the initial tranche of compensation for property owners impacted by the ongoing Senator Rashidi Ladoja Circular Road project. This substantial Oyo State land acquisition payment is specifically designated for those whose properties are affected by the development.

The governor made this announcement on Friday, October 30, 2026, during a direct engagement with the affected property owners along the road corridor. He confirmed that the compensation funds would be disbursed directly into the beneficiaries' bank accounts, with payments commencing immediately, either that evening or by the following morning. This direct payment method aims to ensure transparency and efficiency in the distribution of the Nigeria property compensation N4.6bn.

During the meeting, Governor Makinde also reaffirmed the 75-meter setback requirement for built-up areas situated along the project's path. This decision addresses previous concerns raised by residents regarding the project's impact on their properties. The governor clarified that the road corridor would be securely fenced, a measure intended to enhance safety and provide protection for the residents living adjacent to the new infrastructure.

Property owners whose structures fall outside this newly confirmed 75-meter setback for the Oyo Circular Road have been assured that they have no reason for concern and can continue their normal activities without disruption. The Senator Rashidi Ladoja Circular Road project itself is described by the administration as a vital infrastructure initiative, designed to significantly improve regional connectivity, stimulate economic growth across Oyo State, and unlock new development corridors throughout the area.

Governor Makinde personally met with the affected property owners to deliver these crucial updates, emphasizing his administration's commitment to their welfare. He urged residents to disregard any circulating rumors, assuring them that his government is dedicated to safeguarding their interests and well-being. A statement from his Special Adviser on Media, Sulaimon Olarenwaju, further corroborated the governor's pronouncements.

Makinde reiterated his promise that the Oyo Circular Road land compensation would be paid before the end of the month, highlighting his decision to meet with them personally before the payment process began. He underscored his administration's unwavering commitment to completing the Circular Road project, recognizing its strategic importance for the state's future development and prosperity.

Representatives of the affected property owners, including Ahmed Abiodun, Kayode Oyejobi, Risikat Raji, and Banke Adeyanju, expressed their gratitude and commendation for the governor's actions. They specifically praised the approval of the compensation and the review of the 75-meter setback in built-up areas.

The property owners acknowledged the government's responsiveness to their concerns and pledged their continued support for the administration. Their positive reception underscores the significance of the governor's direct engagement and the prompt action on the Oyo Circular Road land compensation Makinde approved.

Lawyers representing property owners in Oyo State affected by the Senator Rashidi Ladoja Circular Road project should advise clients on the newly approved N4.6bn compensation payment process and the revised 75-meter setback. They should ensure clients receive their due compensation and understand their rights regarding the land acquisition and any potential challenges to the setback decision.

Source: Original reporting via PUNCH