Urban renewal: Ekiti Govt pays N300m compensation to property owners

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Biodun Oyebanji News

Ekiti

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

The beneficiaries were those whose buildings would be demolished in the Atikankan area of the Ado Ekiti metropolis, a popular slum within the capital city, for the construction of the proposed ultra-modern central business district and modern park in the renowned shanty area. This gesture came barely three weeks after millions of naira were paid as compensation to those whose buildings and crops were demolished for the construction of a 1.

'The proposed project will be one of the major trading hubs in the state where government, private individuals, business and corporate organisations 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 are capable of generating employment for the youth.

Source: Real Estate Daily Report (realestatedailyreport.net)

Ekiti

 

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