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Ekiti State Government will pay compensation of N300 million to property owners

Governor of Ekiti State, Biodun Oyebanji, on Monday, disbursed a whopping N300 million to owners of properties acquired for the government’s urban renewal project.

The beneficiaries were those whose buildings would be demolished in the Atikankan area of ​​Ado Ekiti Metropolis, a popular slum in the capital, for the construction of the proposed Ultra Modern Central Business District and Modern Park.

This gesture came barely three weeks after millions of naira were paid in compensation to those whose buildings and crops were demolished for the construction of a 1.2 kilometer flyover between Okeyinmi, Ijigbo and Ajilosun areas in Ado Ekiti Metropolis and Phase 1 of the Ekiti State Ring Road. .

Presenting the checks at an event at the Pavilion, Fajuyi area of ​​Ado Ekiti, Oyebanji, represented by the Deputy Governor, Chief Monisade Afuye, promised that his administration would not subject property owners to unnecessary bottlenecks before receiving their compensation .

The governor stated that although the properties were acquired as part of determined efforts to rid Ekiti of slums as represented by the Atikankan area, this would not deter him from offering compensation to the original owners of land properties in the area.

The governor said Atikankan had been a notorious hideout for criminals and represented a squalid and slum area that posed a threat to the population due to the high risk of outbreaks of communicable diseases.

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Oyebanji stressed that one of the key objectives of his administration is the transformation of urban slums into suitable central hubs that will enhance economic opportunities in the state, which has boosted the acquisition of the Atikankan/Igbehin area.

“The proposed project will be one of the major trading hubs in the state where the government, private individuals, companies and business organizations can buy and sell goods and services in a decent and more coordinated manner. The projects will have an impact and improve people’s living standards as they can generate employment for young people.

“Let me reiterate that none of the development projects affecting structures, crops and properties will be demolished without full compensation being paid to the beneficiaries. My government is determined to pay compensation quickly, no matter how small, so that the little amount paid will not be swallowed up by inflation.

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“Although the amount may be meager compared to the cost of erecting new structures, I want you to bear with us as this is part of the collective sacrifices we must make in order to enjoy the prosperity of the industrial and infrastructural development of our dear state.”

Earlier, the head of the agency, Engr. Sunday Komolafe described the proposed legacy projects of the Central Business District and Park as facilities that would add aesthetic value to Ado Ekiti and enhance the economic prosperity of the state.

Komolafe added that the government shared the pain of those who lost their properties and businesses due to the construction of the facilities, but clarified that the urban renewal policy was initiated in the public interest.