DELIVERY AND SERVICES ACROSS SOUTHWEST NIGERIA
“Ibadan Circular Road Could Open New Development Corridors as Construction Continues”
The project is attracting attention from the property sector because the corridor passes through areas where new residential, commercial and industrial development can potentially expand as connectivity improves.
by Builtangle
9/20/20261 min read
A new property-market analysis published this week is examining the potential impact of the 110-kilometre Senator Rashidi Ladoja Circular Road, currently under construction in Ibadan.
The road is being developed to provide an alternative route around the city and reduce pressure on established corridors including Iwo Road, Ife Road and the Lagos–Ibadan Expressway approach.
The project is attracting attention from the property sector because the corridor passes through areas where new residential, commercial and industrial development can potentially expand as connectivity improves.
However, the current evidence supports treating this as an emerging development story, rather than claiming that property values have already risen because of the road.
Market Watch:
For Ibadan's property market, the Circular Road is one of the infrastructure projects worth following closely. The key indicators will be actual road completion, accessibility to adjoining communities, new housing projects, utilities and eventual population movement.