Oyo Circular Road compensation has reached ₦5.35 billion, with 578 property owners receiving payments for properties affected by the Ibadan Circular Road project. The state government disclosed this while providing an update on outstanding claims.
Executive Adviser on New Towns and Cities, Mofoluke Adebiyi, announced the figures. She explained that the payments cover properties affected by the first 32.2-kilometre section of the road.
The route starts around the Abiola Ajimobi Technical University axis along the Lagos-Ibadan Expressway. It passes through Ona Ara and ends at Badeku Junction in Egbeda Local Government Area.
The road will also connect the Lagos-Ibadan Expressway to the Ibadan-Ile-Ife Expressway. This forms part of Oyo State’s wider infrastructure development programme.
578 Property Owners Receive ₦5.35bn Compensation
The beneficiaries fall into two categories: Right of Way claimants and property owners omitted from the initial enumeration exercise.
A total of 378 Right of Way claimants have received compensation. Another 200 property owners under the Omission category have also completed screening and collected their payments.
Initially, officials identified 674 structures under the Right of Way category. This category covers properties within 75 metres on either side of the road median.
For the Omission category, the Oyo State New Towns and Cities Development Authority conducted a fresh enumeration exercise. The Ministry of Lands, Housing and Urban Development and the Office of the Surveyor-General supported the process.
Their assessment identified 251 affected structures missing from the initial enumeration.
Oyo Reduces Circular Road Setback to 75 Metres
The state government has also reduced the road setback in built-up areas from 150 metres to 75 metres.
The decision followed appeals and concerns from residents along the project corridor. It also changes the land acquisition requirements for properties within affected communities.
However, the compensation exercise remains incomplete. According to Adebiyi, 263 Right of Way claimants and 35 Omission claimants have yet to appear before the screening committee.
Additionally, officials recorded 16 unsuccessful payment transactions. These failures resulted from discrepancies between beneficiaries’ names and their bank account details.
The government is working to resolve the discrepancies and complete the outstanding transfers.
Screening and Compensation Process Continues
Property owners must complete specific procedures before receiving their compensation. These include screening, obtaining clearance and signing Deeds of Indemnity.
The requirements allow officials to verify claims and confirm beneficiaries’ eligibility for payment.
Meanwhile, the outstanding cases highlight the administrative challenges involved in large-scale land acquisition. Delays can affect property owners who depend on compensation to secure alternative accommodation or relocate their businesses.
For developers and prospective investors, the revised setback also makes accurate information about land boundaries important.
Implications for Ibadan’s Real Estate Market
The Ibadan Circular Road project represents a major infrastructure development for Oyo State. Its connection to two major expressways could improve movement across different parts of the city.
Furthermore, improved road connectivity may support commercial activities and influence property development along the corridor.
However, the project’s impact will depend on effective implementation and transparent land administration.
For affected property owners, timely compensation remains essential. Similarly, developers and investors need clarity on acquisition boundaries to avoid disputes and unexpected losses.
As the government continues processing outstanding claims, attention will remain on the completion of compensation payments and the project’s overall progress.
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