Oyo Govt Releases N5.8bn Compensation to 900 Property Owners Along 110km Circular Road Corridor

Akahi News learnt that the Oyo State Government has released N5.813 billion as compensation to more than 900 property owners whose lands fall within the 110-kilometre Rashidi Ladoja Circular Road corridor. The decision, taken at the State Executive Council meeting presided over by Governor Seyi Makinde, is part of a broader push to accelerate infrastructure delivery while cushioning the impact on affected citizens.

The circular road, which encircles Ibadan, is designed to ease chronic traffic gridlock and open up new economic corridors in the state capital. For decades, Ibadan has groaned under the weight of congestion. This road promises to change that. But progress comes at a price, and the government has now moved to pay that price to over 900 property owners.

When a government pays compensation promptly, it sends a message: development will not come at the expense of the people’s rights. Governor Makinde appears to understand that lesson well.

N3.98bn Approved for Road to KAP Film Village, Oke-Ogun

Akahi News gathered that in a related move, the Executive Council approved N3.981 billion for the reconstruction of the Okaka Junction–Otu–Igbojaiye–KAP Film Village Road. The sum, which covers bridge construction over the Otu and Ofiki rivers, brings the total project cost to N30.464 billion. This road will improve access to the fast-growing film hub in Oke-Ogun, a region that has long cried out for development attention.

The film village is not just a cultural asset. It is an economic one. Better roads mean more visitors. More visitors mean more business. More business means more jobs. That is the multiplier effect that Governor Makinde is banking on.

It was alleged that the council also voted N126.912 million to complete the Oyo State Christian Wing multipurpose hall, a project first started over 25 years ago during the administration of late Governor Lam Adesina. A quarter of a century. Generations have come and gone. But the hall remained unfinished. Now, the Makinde administration has decided to finish what others started.

Officials say the facility will serve pilgrims and faith-based events once completed. For the Christian community in Oyo State, this is a long-awaited answer to prayers.

N710m for Transport Subsidies, Oyo to Host 2026 Tourism Summit

To further support workers and commuters, N710.382 million was approved for transportation subsidies under the Sustainable Actions for Economic Recovery (SAfER) programme. The funds will run from March to August 2026, extending relief amid rising transport costs. In a time when fuel prices and inflation are biting hard, every naira of subsidy matters to the common man.

Akahi News had earlier reported on the economic pressures facing Nigerian families. The SAfER programme is the state government’s attempt to throw a lifeline. Whether it will be enough is another question, but the effort itself is noteworthy.

In the same vein, the Executive Council gave the nod for Oyo State to host the 2026 edition of the International Tourism Summit. The event is expected to build on gains from previous editions and showcase the state’s rich cultural heritage and investment potential to global audiences. From the ancient walls of Ibadan to the hills of Oke-Ogun, Oyo State has stories to tell and treasures to show. The summit is an opportunity to tell that story to the world.

These approvals reflect the state government’s continued push to deliver tangible dividends of democracy, from road infrastructure to citizen welfare and tourism growth. Residents in affected communities are expected to receive their compensation promptly, while contractors have been urged to fast-track work on the approved projects.

It is not a child’s play to manage a state as large and diverse as Oyo. Governor Makinde has chosen to focus on infrastructure, compensation, and welfare. The circular road, the film village road, the Christian worship centre, transport subsidies, and the tourism summit are all pieces of a larger puzzle.

For the over 900 property owners receiving compensation, the news is personal. For commuters who will benefit from transport subsidies, the relief is immediate. For the Christian community, the completion of a 25-year-old project is a testament that no promise is too old to keep.

Oyo State is moving. The approvals have been given. The funds have been released. Now the work begins.

Key Summary Box

What happened: The Oyo State Executive Council approved N5.813 billion as compensation for over 900 property owners along the 110km Rashidi Ladoja Circular Road corridor.

Other approvals: N3.981 billion for Okaka Junction–Otu–Igbojaiye–KAP Film Village Road (including two bridges); N126.912 million to complete a 25-year-old Christian Wing multipurpose hall; N710.382 million for transport subsidies under SAfER programme (March–August 2026).

Also approved: Oyo State to host the 2026 International Tourism Summit.

Why it matters to Oyo residents: The circular road will ease traffic gridlock in Ibadan. The film village road will boost Oke-Ogun’s economy. Transport subsidies will cushion rising costs. The tourism summit will showcase the state’s cultural heritage.

Bottom line: Governor Makinde’s administration is pushing infrastructure, compensation, and welfare. Over 900 property owners are getting paid. Contractors are being urged to speed up. Oyo State is on the move.