The Ekiti State Government has disbursed a total of N155.4 million in compensation to property owners affected by the ongoing dualisation of the Ikere-Akure road project.
Governor Biodun Oyebanji, represented by the Deputy Governor, Mrs. Monisade Afuye, announced the payment on Monday during the unveiling of the disbursement exercise held in Ikere Ekiti.
Governor Oyebanji stated that the funds covered the formal acquisition of land, valuation, and payments for unexhausted improvements on the affected properties. He emphasized the administration’s commitment to transparency and fairness, assuring the people that due process was diligently followed.
"The transparent and fair disbursement of these funds is our priority, and I want to assure you that due process has been followed," Oyebanji said.
He reiterated his administration’s commitment to embarking on projects that would add value, create economic opportunities, and boost business development across the state.
Describing the Ikere-Akure road dualisation as a critical infrastructural intervention, the governor noted that the project would bolster economic activities, improve interstate connectivity between Ekiti and Ondo states, and enhance the general well-being of residents.
"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," he added.
"It is part of the broader development policy to open up our communities, reduce travel time, and ensure the safety and convenience of commuters along this vital corridor."
Governor Oyebanji praised the property owners for their understanding and sacrifice, acknowledging that although the compensation might not fully match the value of their properties, their contribution to the state’s development was invaluable.
"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," he said.
"You can see that this government is highly compassionate. Some governments can acquire such properties in the public interest, demolish them, and still refuse to pay compensation. But the Oyebanji administration didn’t do that. We promised to pay the compensation before the project’s completion, and today, we are fulfilling that promise."
Also speaking at the event, the Special Adviser on Lands, Survey, and Geographical Information Systems, Prof. James Olaleye, noted that the properties acquired were strategic for the successful execution of the dualisation project.
He described the Ikere-Akure road as one of the major arteries for business and agricultural development in Ekiti State, particularly given its connection to Ikere Ekiti, the state’s second-largest town.
"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," Olaleye said.
The state government reaffirmed its determination to continue executing projects that would promote economic growth, enhance connectivity, and improve the quality of life for the people of Ekiti State.
