Ekiti State Governor, Biodun Oyebanji, on Monday distributed cheques totalling N155.4m as compensation to those whose property were acquired for the construction of the Ikere-Akure dualisation project.
Oyebanji said the money “covers the formal acquisition of land valuation and payments for unexhausted improvements on the affected property.”
He added that the transparent and fair disbursement of the funds was his administration’s priority, affirming that due process was followed.
Oyebanji, represented by the Deputy Governor, Mrs Monisade Afuye, spoke at Ikere Ekiti while flagging off the disbursement of compensation to affected property owners.
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 list of his administration.
The governor said the road was conceptualised to bolster business activities and enhance the interstate transportation system.
“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 added.
Oyebanji hailed the property owners for exhibiting understanding to expand the scope of progress and development of the state.
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.
“You can see that this government is highly compassionate. Some governments can acquire such property in the public interest and destroy it, and still refuse to pay compensation.
“But the Oyebanji administration didn’t do that. The administration promised to pay compensation before the completion of the project, and it is fulfilling this today.”
The Special Adviser to the Governor on Lands, Survey and Geographical Information System, Prof James Olaleye, said the property acquired was strategic for the successful construction of the road that would 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,” he said.