Oyo State Governor, Abiola Ajimobi
Speaking at the event, Ajimobi said the road project would not cost the state any money as the concessionaire company is expected to raise the required funds for the project and build to the specification of the state government.
He said, “This is a fulfilment of our administration’s desire to turn the state to the one that we all will be proud of. It will create the platform and enabling environment for our people to thrive. This project was first thought of in 2002 by our great leader and the former governor, Lam Adesina, as a way of freeing Ibadan metropolis from gridlock in the intra and intercity movement, but the project was abandoned by successive governments after Adesina left office.
“We revived the project after considering the importance, not only to our socio- economic survival, but also the benefit of neighbouring states. This made the state government signed a memorandum of understanding for the construction of the road through a Public-Private Partnership agreement with ENL Consortium Limited.
“The circular road, when completed, is expected to ease intra and intercity traffic congestion, especially for Ibadan which is fast becoming an industrialised city under the current administration. The circular road will serve as a bye-pass for intercity traffic on routes outside Ibadan, while it will open a new economic corridor for controlled development in line with the Ibadan Master Plan.” SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>