Governor Rauf Aregbesola of Osun State has promised to pay N2billion as compensation to owners of property affected by the urban renewal project of the government before the end of the year.
The affected people included landlords and tenants along the popular MDS corridor, Fakunle-Olaiya axis, Old-Garage-Igbona-Ayetoro, Ogbaagbaa, Okefia-Rasco, Ajegunle-Moshalashi Gaji to Orita Baba Onisekere as well as Railway Line axis all in Osogbo, the state capital.
Aregbesola commended the peaceful manner the affected people conducted themselves while the separation exercise lasted.
The governor observed that he understood the pain and hardship the urban renewal project had brought the people.
According him, the developmental stride of the government, especially the urban renewal, is not an attempt to cripple people’s businesses or inflict pains on their means of livelihood but to further open the state to the international world for desirable investment.
“As at today, the administration has paid about N812 million as compensation to some of the affected people. I have also approved a sum of N2 billion as additional funds to those whose properties were affected. We promise that before the end of the year all affected people would have been duly compensated,” Aregbesola said.