Makinde Approves ₦4.6 Billion Compensation for Ibadan Circular Road Landowners, Reduces Setback to 75 Metres.

Makinde Approves ₦4.6 Billion Compensation for Ibadan Circular Road Landowners, Reduces Setback to 75 Metres.

Oyo State Governor, Seyi Makinde, has approved ₦4.6 billion as the first tranche of compensation for property owners affected by the ongoing Senator Rashidi Ladoja Circular Road project in Ibadan, in a move aimed at addressing concerns surrounding land acquisition and property displacement.

The governor announced the approval on Friday, October 30, 2026, during a meeting with affected property owners along the project corridor. He said the necessary administrative processes for the first phase of compensation had been completed, with payments scheduled to go directly into beneficiaries’ bank accounts.

According to the governor, recipients were expected to begin receiving payment alerts from Friday evening or Saturday morning.

Makinde explained that the approved ₦4.6 billion represents the first phase of the compensation exercise, reaffirming his administration’s commitment to fulfilling its financial obligations to property owners affected by the infrastructure project.

Government Revises Circular Road Setback to 75 Metres

Beyond the compensation approval, Makinde reiterated that the setback requirement in built up areas along the Circular Road corridor had been reduced to 75 metres.

The adjustment addresses concerns previously raised by residents and property owners over the extent of land required for the road project and the potential impact on existing buildings and businesses.

The governor also disclosed that the affected corridor would be fenced to improve safety and protect residents living within the surrounding communities.

He assured property owners whose buildings fall outside the revised 75 metre setback that their properties would not be affected by the arrangement, urging them to continue their normal activities.

Makinde further cautioned residents against misinformation and rumours surrounding the project, maintaining that his administration remained committed to protecting the interests of affected communities.

Circular Road Project and Compensation Disputes

The Senator Rashidi Ladoja Circular Road project is one of Oyo State’s major infrastructure initiatives, designed to improve transportation, strengthen connectivity and open up new areas for residential and commercial development across Ibadan.

However, its implementation has generated public concerns, particularly regarding land acquisition, setback requirements and compensation for property owners whose lands and structures fall within the project corridor.

In October 2026, Makinde had indicated that his administration intended to pay approximately ₦6 billion in compensation to affected property owners before the end of the month.

The latest approval of ₦4.6 billion represents a significant step towards meeting that commitment, although the government has not provided a detailed breakdown of the beneficiaries or the outstanding compensation balance in the announcement.

The issue of compensation has remained an important part of discussions surrounding the project, with previous payments made to verified claimants. In August 2025, the Oyo State Government announced that it had disbursed ₦600 million to affected property owners through successive payment batches.

Property Owners Welcome Government’s Decision

Speaking on behalf of the affected property owners, Ahmed Abiodun, Kayode Oyejobi, Risikat Raji and Banke Adeyanju commended the governor for approving the compensation and reviewing the setback requirement in built-up areas.

They expressed appreciation for the government’s response to their concerns and pledged their continued support for the successful execution of the project.

Makinde, meanwhile, reaffirmed his administration’s determination to complete the Circular Road, describing it as a strategic investment expected to improve transportation infrastructure, stimulate economic activities and create new development opportunities across Oyo State.

While the compensation approval represents progress for affected property owners, the actual disbursement and transparent identification of eligible beneficiaries will remain important measures of the government’s commitment to resolving concerns surrounding the project.