The Government of Oyo State has approved the payment of compensation claims on the dualisation of the 7.2 kilometre Idi Ape-Basorun-Akobo- Odogbo Barracks road to the tune of N231.1 million.
The Commissioner for Information, Culture and Tourism, Dr. Wasiu Olatubosun, who briefed newsmen alongside the Commissioner for Establishment and Training, Prof. Daud Kehinde Shangodoyin, maintained that the road project would be completed through the Alternative Project Funding Approach, APFA, which will allow the state to pay after the contractor must have financed the project.
“We are here to brief you on the outcome of today’s EXCO meeting. The first one has to do with the completion of the 7.25km IdiApe-Basorun-Akobo-Odogbo Barrack junction road dualization project.
“We also approved the payment of compensation claims on the dualisation of that same road to the tune of N231,100,000 put forward by the Ministry of Works, Infrastructure and Transportation.”
The road will be delivered through the Alternative Project Funding Approach by Messrs Fax Consults at the cost of N3,280,568,572.34 only [Three Billion, Two Hundred and Eighty Million, Five Hundred and Sixty-Eight Thousand, Five Hundred and Seventy-Two naira and Thirty-Four Kobo only].