Oyo State has approved ₦4.6 billion as the first tranche of compensation for property owners on the Senator Rashidi Ladoja Circular Road corridor, and confirmed a 75-metre setback for built-up areas along it.
Governor Seyi Makinde announced both at a meeting with affected owners on Friday, and said payment goes directly into beneficiaries’ bank accounts, starting immediately.
What was decided
| Item | Detail |
|---|---|
| Compensation approved | ₦4.6 billion – first tranche only |
| Setback, built-up areas | 75 metres |
| Payment method | Direct to beneficiaries’ bank accounts |
| Disbursement | From Friday night or Saturday morning, per the governor |
| Corridor treatment | To be fenced, for safety |
| Owners outside the setback | “No cause for concern” |
The road is the Senator Rashidi Ladoja Circular Road, a major Oyo State infrastructure project.
What a 75-metre setback actually means
This is the part most landowners get wrong, and it decides whether you are affected at all.
A setback is a distance measured from the road within which you cannot build – and, on an acquisition like this, within which your property may be taken. The report states 75 metres but does not say whether that is measured from the centreline or from the edge of the road reserve. Those give very different affected areas:
- From the centreline: a 150-metre-wide corridor, 75 metres either side
- From the road edge: 75 metres beyond the carriageway on each side, wider overall
If you own land near this corridor, that distinction is worth more than any commentary. Ask the state which measurement applies, and get it in writing. Then measure from the actual road alignment, not from the nearest tarred surface you can see.
Who gets paid, and how
It is a first tranche. ₦4.6 billion is phase one, not the total. Owners not paid this week are not necessarily excluded; they may be in a later phase. The governor’s statement frames it as “the first tranche of compensation”.
Payment is direct to bank accounts. That means the state holds verified account details for each beneficiary. If you believe you are entitled and have not been asked for bank details, that is the thing to chase – not the payment date. Money cannot be sent to an account the state does not have.
Owners outside the setback are told to carry on. The governor said explicitly that property owners whose buildings fall outside the 75-metre setback “have no cause for concern and should continue with their normal activities”. If that is you, this is not your claim.
If you think you are affected
- Establish the setback line first. Ask the state’s lands or works ministry which measurement applies to this corridor, and where the line falls at your property.
- Check your documentation is in your name. Compensation follows title. A survey plan and a registered title in your name is the difference between being on a payment schedule and being in a dispute.
- Make sure your bank details are with the state. Payment is direct; there is no agent to collect from.
- Keep your own valuation evidence. Photographs, a recent valuation, receipts for improvements. If the offer is disputed later, your evidence is what you have.
- Do not pay anyone to “facilitate” your compensation. The state says it is paying directly into accounts. Anyone asking for a fee to release it is not part of that process.
- Get receipts and a written record of any engagement with the ministry.
What is not established
The report does not say how many property owners are being paid, so it is not possible to calculate an average payment. It also does not state the total compensation budget, how many tranches are planned, or the valuation basis used – whether land and buildings were valued separately, and at what rate per square metre.
It does not specify whether the 75 metres is measured from the centreline or the road edge, nor whether the setback applies to acquisition as well as to building. Assume nothing about the geometry; ask.
No timetable for further tranches has been published.
Frequently asked questions
How much is Oyo State paying in compensation?
₦4.6 billion as the first tranche, for property owners affected by the Senator Rashidi Ladoja Circular Road project.
What is the setback on the Circular Road?
75 metres for built-up areas along the corridor, confirmed by the governor. The measurement reference point is not stated.
How will the money be paid?
Directly into beneficiaries’ bank accounts, with disbursement beginning immediately after the announcement.
My building is outside the setback. Am I affected?
According to the governor, no – owners outside the 75-metre setback have “no cause for concern” and should continue normal activities.
Is ₦4.6 billion the total?
No. It is described as the first tranche. The total budget and number of phases have not been published.
Last updated: 30 October 2026. The ₦4.6 billion first tranche, the 75-metre setback, direct bank payment, immediate disbursement, corridor fencing and the quotations are from Punch’s report of 30 October 2026, covering Governor Seyi Makinde’s meeting with affected property owners that day. The distinction between centreline and road-edge measurement is explained as a general planning point; the report does not state which applies here. Not legal advice.
