The governor of Ekiti State, Biodun Oyebanji, on Monday distributed a staggering sum of N155 million as compensation to those whose property were acquired for the construction of Ikere-Akure dualisation project.
Oyebanji assured the citizens that embarking on projects that will add value and create vistas of economic activities and business development, will continue to dominate the priority lists of his administration.
Oyebanji gave the assurance, on Monday, while flagging off the disbursement of compensation to those whose property were destroyed for the dualisation of Ikere-Akure dual carriage way.
The governor, represented by the Deputy Governor, Chief (Mrs) Monisade Afuye, said the road was conceptualised to bolster business activities and enhance transportation system between Ekiti and Ondo States.
“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 wellbeing 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.
“A total of N155,453,,846.74 has been approved and earmarked for this compensation exercise. This covers the formal acquisition of land valuation and payments for unexhausted improvements on 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”.
Oyebanji saluted the property owners for exhibiting understanding and surrendered their property to expand the scope of progress and development of the state.
“Though, what we are giving might not be commensurate or equal to your property, but I want you to know that with this sacrifice, you have written your names with indelible ink in the history of development of our dear state. I urge you to use these funds wisely.