The Ekiti State government, under the leadership of Governor Biodun Oyebanji, has disbursed N155.4 million as compensation to property owners whose lands were acquired for the dualisation of the Ikere-Akure road. This significant infrastructural project aims to enhance transportation, boost economic activities, and strengthen the socio-economic ties between Ekiti and Ondo states. The compensation payout, which covers land valuation and unexhausted improvements on the affected properties, underscores the government’s commitment to transparency, fairness, and due process in its developmental initiatives. The disbursement ceremony, held in Ikere Ekiti, was officiated by the Deputy Governor, Mrs. Monisade Afuye, on behalf of the Governor.
Governor Oyebanji emphasized the strategic importance of the Ikere-Akure road dualisation project, highlighting its potential to stimulate economic growth and improve the overall well-being of the people. He underscored the administration’s dedication to prioritizing projects that add value and create opportunities for business development. The road project is not merely an infrastructural intervention but a vital link that will facilitate trade, improve transportation efficiency, and enhance connectivity between the two states. By reducing travel time and ensuring the safety and convenience of commuters, the dualised road will contribute significantly to the region’s socio-economic development.
The Governor acknowledged the sacrifice made by the property owners, recognizing that the monetary compensation might not fully equate to the intrinsic value of their properties. He commended their understanding and cooperation, emphasizing that their contribution to the state’s development will be remembered. He urged them to utilize the funds judiciously and invest in ventures that would benefit them and their families. The Governor further emphasized the compassionate nature of his administration, highlighting the contrast with previous governments that might have acquired properties for public use without providing adequate or timely compensation.
The Special Adviser on Lands, Survey, and Geographical Information System, Prof. James Olaleye, provided further context to the compensation disbursement. He reiterated the strategic importance of the acquired properties for the successful execution of the road project. The dualisation of the Ikere-Akure road is expected to significantly alleviate traffic congestion and facilitate smoother movement of goods and people. This improved transportation network will, in turn, stimulate economic activities and enhance the overall development of the region, particularly Ikere Ekiti, which serves as a major commercial hub in the state.
Professor Olaleye emphasized the importance of the Ikere-Akure road as a vital artery for business and agricultural development in Ekiti State. The road’s connectivity to Ikere Ekiti, the second largest town in the state, further amplifies its significance as a driver of economic growth. He encouraged the beneficiaries to use the compensation wisely, recognizing the difficulty of relinquishing one’s property and relocating. He reiterated the necessity of this sacrifice for the overall success of the project and expressed gratitude for the understanding and cooperation demonstrated by the property owners.
The disbursement of the N155.4 million compensation signifies a crucial step towards the realization of the Ikere-Akure road dualisation project. It demonstrates the Ekiti State government’s commitment to infrastructural development, economic growth, and the well-being of its citizens. The transparent and fair disbursement process, coupled with the recognition of the property owners’ sacrifices, underscores the administration’s dedication to good governance and responsible resource management. The project promises to transform the transportation landscape of the region, boost economic activities, and enhance the overall quality of life for the people of Ekiti and Ondo states.
