Ekiti State Governor, Biodun Oyebanji, has paid N155.4 million as compensation to property owners affected by the dualisation of the Ikere-Akure road.
Oyebanji said that the N155.4m “covers the formal acquisition of land valuation and payments for unexhausted improvements on the 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.”
The governor, represented by the Deputy Governor, Mrs Monisade Afuye, spoke on Monday at Ikere Ekiti while unveiling the disbursement of compensation.
He assured the citizens that embarking on projects that would add value and create vistas of economic activities and business development would continue to dominate the priority lists of his administration.
The governor, who noted the road was conceptualised to bolster business activities and enhance the inter-state transportation system, 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 well-being 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
He praised property owners for their understanding, acknowledging that the compensation might not match the value of their properties but commending them for their sacrifice.
He said, “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 the development of our dear state. I urge you to use these funds wisely.
“You can see that this government is highly compassionate. Some governments can acquire such properties in the public interest and destroy them, and still refuse to pay compensation. But the Oyebanji administration didn’t do that. The administration promised to pay the compensation before the completion of the project, and it is fulfilling this today.”
The Special Adviser on Lands, Survey and Geographical Information System, Prof. James Olaleye, said that the properties 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 agriculture development in the state, particularly for its linkage to Ikere Ekiti, perceived as the second largest town in Ekiti State.
“To those receiving payments today, use the money wisely. I know it is not easy to give up your property and relocate. But this is a necessary step you have to take for the success of this project. We appreciate your understanding,” the special adviser stated.
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