Federal Government Allocates N2.75 Billion in Compensation for Demolished Properties Along Coastal Highway

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The Nigerian government on Wednesday paid N2.75 billion in compensation to property owners affected by the construction of the country’s single largest infrastructure project.

David Umahi, minister of works, disclosed this during a stakeholders meeting at Eko Hotel and Suites in Lagos, explaining that the N2.75 billion compensation was for properties on channel 0 to 3 kilometres that were demolished to pave the way for the construction of the 700km Lagos-Calabar Coastal Highway.

“These are tough decisions, but had to be taken for economic value,” Umahi said.

“A lot of people doubted that we will not pay, but we let them know that this is the regime of President Bola Tinubu. We initiated a lot of policies and we are witnessing results,” the minister added.

Those to be compensated include Landmark Group, Kids Club, Maxtivity, and Bolaji Areyoh who, the minister said, has the largest infrastructure affected, especially his Mami Chula Beach Lifestyle, among others.

Olukorede Kesha, Federal controller of works in Lagos, said the coastal highway has come to stay and is no longer in the pipeline. “We are paying for properties demolished on the first 3 kilometres today and those affected will be collecting their cheques and receiving their money in the bank.

“The minister had earlier promised adequate compensation and this is to clear the doubt that the federal government meant everything it said,” she explained.

Speaking on Landmark demolition, Umahi said there is no inhumanity meted out on Landmark, adding that the shorelines were never given to Landmark and so, have to be taken back.

He added that the compensation is out of mercy to some people occupying some places illegally, noting that some people have taken sides to play politics.

The minister stressed that payment for demolished properties will be made according to the government’s old rate of compensation.

Meanwhile, the demolition of the Landmark Beach Resort has raised more dust that is yet to settle because, according to some Nigerians, that action was not only insensitive but also inconsiderate.