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On Monday, Governor Biodun Oyebanji of Ekiti State distributed a total sum of N300 million to individuals whose properties were acquired to facilitate the implementation of the Urban Renewal Policy under the current administration.

Ekiti News reports that the beneficiaries were residents whose buildings were slated for demolition in the Atikankan area of Ado Ekiti metropolis, a well-known slum within the capital city.

This action is part of the preparations for the construction of the proposed Ultra Modern Central Business District and Modern Park within the renowned shanty area.

Governor Oyebanji, represented by the Deputy Governor, Chief (Mrs) Monisade Afuye, while distributing the cheques at an event held at the Pavilion, Fajuyi area of Ado Ekiti, pledged that his administration won’t subject property owners to undue bottleneck before having their compensation paid.

The governor stated that though the property were acquired as part of the determined strides to rid Ekiti of slums and shanties, as represented by Atikankan area, but, this he said, won’t deter him from offering compensation to original owners of landed property in the axis.

He said Atikankan has been a notorious hideout for criminals perpetrating evils and represented a dirty and shanty view constituting threat to the people because of high proclivity for the breakout of communicable diseases.

Governor Oyebanji emphasized that one of the cardinal objectives of his government, is transformation of urban slums into a befitting central hubs that will boost economic opportunities in the state, which he said spurred the acquisition of Atikankan/ Igbehin area .

He said, “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 impact and improve the living standards of the people as it is capable of generating employments for the youths.

“let me reiterate that none of the developmental projects where structures , crops and property are affected will be demolished without payment of full compensation to the beneficiaries of such property. My administration is committed to prompt payment of compensation, no matter how small it might be, so that the little amount paid will not be consumed by inflation rate.

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

The Head of Service, Engr. Sunday Komolafe, speaking earlier, described the proposed Central Business District and Park legacy projects as facilities that would add aesthetic values to Ado Ekiti and upscale the state’s economic prosperity.

He added that the government shared the pains of those who lost their property and businesses to the construction of the facilities, but clarified that the urban renewal policy was initiated in public interest.

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