Feb 12 • 02:50 UTC 🇳🇬 Nigeria Punch

Adeleke assures foreign miners of security in Osun

Osun State Governor Ademola Adeleke promotes the state's mineral resources and secure investment opportunities for local and foreign miners at a recent event in South Africa.

Osun State Governor Ademola Adeleke has actively encouraged both local and foreign investors to explore and invest in the solid minerals sector of Osun. Speaking at a dinner in Cape Town, South Africa, during the Mining Indaba, Adeleke emphasized the state’s rich mineral deposits, which include gold, lead, zinc, quartz, and feldspar. He highlighted that the state is strategically enhancing its security measures to protect these mining operations, claiming this focus contributes to a more attractive business environment.

The governor's announcement is supported by a framework providing 19 active mining licenses, reinforcing the claim that Osun presents a favorable opportunity for investments in the mining sector. In attendance were notable figures, including the Minister of Solid Minerals Development, Mr. Dele Alake, which signals government backing and commitment to the mining industry. With the new security architecture proposed for the mining corridors, Adeleke aims to foster public-private partnerships that will further stimulate growth in this segment.

This appeal to foreign investors occurs against the backdrop of increasing global interest in African minerals, prompting states like Osun to leverage their resources effectively. By ensuring a secure and stable investment environment and presenting its natural resources as a viable option, the state is positioning itself as a competitive player in the global mining market, potentially attracting significant foreign investment and boosting local economic development.

📡 Similar Coverage