Ibadan Explosion: Government concludes rescue operation, reveals N50 billion in lost properties

A devastating explosion in Ibadan, Oyo State, last Tuesday resulted in an estimated loss of N50 billion worth of properties, leaving five dead, 77 injured, and thousands homeless.

Estate valuers give conservative estimates suggesting about 230 affected houses with an estimated loss of N34.5 billion.

Oyo State Governor Seyi Makinde disclosed a structural integrity test on the affected houses, emphasizing plans for resident resettlement.

Despite challenges in accurately quantifying the loss due to incomplete property documentation, the state government concludes rescue operations and begins fumigation at the explosion site.

A Federal Government delegation, led by Minister of Solid Minerals Dele Alake, is set to assess the incident’s impact and determine support for victims.

Preliminary investigations point to dynamite stored by illegal miners as the cause. No arrests have been made, and experts stress the need for integrity tests on affected buildings.

Estate valuers, including the Oyo State chairman of NIESV, Pastor Oluseyi Adebayo, and a lecturer at Lead City University, Mr. Adewale Adedokun, emphasize the colossal loss, urging comprehensive assessments and environmental impact analyses.

Calls intensify for a review of mining laws, thorough investigations, and engagement with relevant professionals to address the aftermath and prevent future incidents.

The former NEMA director, Dr. Olusegun Edward Ojo, emphasizes the need for a broader investigation to uncover immediate and remote causes, learning from the incident to enhance community and state-wide security measures.

As victims tally their losses, the focus shifts toward comprehensive assessments, preventive measures, and understanding the full impact of this tragic event on Ibadan and its residents.