By Ibidapo Olowolayemo, Ibadan
Saturday August 9, 2025
Please, share this story:
The Oyo State government, on Wednesday, received the Revised Compensation Rates on crops and economic trees for landowners affected by projects, to ensure fairness and justice.
The state Commissioner for Lands, Housing, and Urban Development, Mr. Williams Akin-Funmilayo, stated this while receiving the document from the representative of the Federal Government.
Commissioner for Information and Orientation, Prince Dotun Oyelade, in a statement on Thursday, disclosed that it will be recalled that the Federal Government introduced the revised compensation rates for individuals affected during land acquisitions for public projects.
He said Akin-Funmilayo expressed appreciation for the initiative, stating that it would significantly enhance the state’s capacity for effective land administration.
He said, “Land acquisition is a critical component of land management, and it must be accompanied by fair compensation.”
He added, “This review provides a more just framework for compensating project-affected persons.”
Mr. Akin-funmilayo also noted that the state government had earlier submitted its recommendations to the Federal Government for harmonisation, and commended Governor Seyi Makinde for supporting the initiative.
“This development will go a long way in strengthening our land management processes and ensuring that those who make sacrifices for public development are adequately compensated,” he was quoted.
He said that the reviewed rates are expected to guide future land acquisition exercises and promote transparency, fairness, and accountability in compensation practices across the state.
Earlier, the representative of the Federal Ministry of Housing and Urban Development, Mr. Adelani Israel, emphasised the importance of the review, noting that the existing compensation framework which was established in 2008, was outdated and no longer reflected current economic realities or international best practices.
We are here to serve you with news and information.
Your donations, reactions, and advert placement are welcome.
Contact us on 08033783144 (WhatsApp)
08023469999(WhatsApp)
idowuadelusi@yahoo.com,adelusiidowu@yahoo.com, idowuadelusi@gmail.com,
thepathfindernews0@gmail.com
Follow our reports also on X @idowuadelusi and Facebook (Idowu Oluwole Adelusi)