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    MarketForces Africa » MarketForces News » Oyo State Approves N15bn for Ibadan Township Road Projects
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    Oyo State Approves N15bn for Ibadan Township Road Projects

    Julius AlagbeBy Julius AlagbeNovember 7, 2024Updated:October 13, 2025No Comments2 Mins Read
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    Oyo State Approves N15bn for Ibadan Township Road Projects
    Seyi Makinde, Oyo state Governor
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    Oyo State Approves N15bn for Ibadan Township Road Projects

    The Oyo State Government has approved over N15 billion for the rehabilitation and asphaltic improvement of some inner roads in Ibadan.

    The Commissioner for Public Works and Transport, Prof. Daud Sangodoyin, disclosed this on Wednesday in Ibadan while briefing newsmen on the outcome of the 12th State Executive Council meeting.

    According to Sangodoyin, the Council approved the award of the asphaltic improvement of 7.12 kilometres of Old and New Bodija Estate roads at the cost of N5.6 billion.

    He said the approval for the road projects was in fulfillment of Gov. Seyi Makinde’s promise during the explosion which occurred in the area on Jan 17.

    The commissioner also said the asphaltic improvement of 5.2 kilometres of Molete Underbridge-Felele-Challenge-Onigaari expressway at a cost of N5.9 billion was also included.

    “The rehabilitation of the road network within the state secretariat at Agodi in Ibadan with befitting car parks at a cost of N3.7 billion was among the road projects approved by the Council.

    “All the projects are expected to be completed within eight months,” he added. #Oyo State Approves N15bn for Ibadan Township Road Projects#

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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