Osun Government Is Ready To Boost Her Economy With Mining ~ Gov Oyetola

The state of Osun South West Nigeria is a state to behold interms of mineral deposits.

The State after been carved out of the old Oyo State on the 27th August,1991 was discovered to be endowed with a lot of mineral resources widely distributed in virtually all the 30 local government areas.

It is rather unfortunate that these mineral resources were under utilized for economic advantage as many of them were not obtained.

The State, known to be an agrarian state, has over the years been the commercial center of the Southwest region. It is located at the center of the region with the highest number of ancient towns and communities whose major occupation and economy is agriculture.

The state is said to be the largest producer of cassava and some other agro raw materials. Apart from that,  solid mineral resources like Laterite, Clay, Sand, Gravel, Tomalley, Kaolin, Gold, Talc and Limestone are virtually in all the local government council areas from the West Senatorial district to the East and Central districts with ten local government areas in each district but with little or no effort to develop them for economic advantage by the successive administrations.

The over dependence on oil revenue since oil discovery in Nigeria in the early 60s has made the  mining sector to be neglected and remained untapped until the recent collapse in the oil market that forced the country and many states to look beyond oil revenue and diversify economy for sustainable developments.

That is why we cannot but give kudos to the present administration under the leadership of Governor Gboyega Oyetola for the effort to utilize the full potentials of the state in mineral resources for the economic prosperity of all.

One of the key sectors identified by the Oyetola's administration to guarantee continuous growth of the state economy is mining through investment.

The focus of the administration is to open up the state for investment opportunities in the mining sector for both local and foreign investors and partners.

  

The effort has attracted the interest of the federal government with the recent agreement to partner the state and some four other states on mining of solid mineral resources as part of efforts to diversify economy.

The initiative according to the federal government was based on the volume of the available deposits of solid mineral resources and willingness of the state government to develop the mining sector to generate resources and create job opportunities for its people especially its teaming youths.

This  effort  as part of giant strides by the Oyetola's administration within the last six months has also attracted a number of prospective investors and partners as many have signified intention to partner with the state while the doors are still opened for others. 

The State of Osun welcomes investors in all sectors as it’s still like a virgin land with a lot of prospects. 

It is the belief that, this is the best way to go to ensure economic prosperity for all.