Urban Renewal: Ekiti Govt to pay N300m compensation to property owners

Governor Biodun Oyebanji of Ekiti State on Monday disbursed N300 million to those whose properties were affected by his administration’s urban renewal policy.

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 a modern park in the famous slum area.

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 of Ado Ekiti Metropolis and the Ekiti State Ring Road. Phase 1.

Presenting the checks at an event at the pavilion in Fajuyi area of ​​Ado Ekiti, Oyebanji, represented by Deputy Governor Monisade Afuye, promised that his administration will not subject property owners to unnecessary bottlenecks before their compensation is paid.

The governor stated that the properties were acquired as part of the resolve to rid Ekiti of slums and slums as represented by the Atikankan area. He said Atikankan had been a notorious hideout for criminals who committed mischief and represented a dirty and sloppy vision, which posed a threat to the people due to its high propensity for outbreak of communicable diseases.

“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 the living standards of the people as they can generate employment for the youth.

“Let me reiterate that none of the development projects affecting structures, crops or properties will be demolished without payment of full compensation to the beneficiaries of such properties. 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.

“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 in our dear state.” he said.

Earlier, the Head of Service, Sunday Komolafe, described the proposed Central Business District and Park Legacy projects 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.