Oyetola: Osun will rival crude oil in gold mining

Oyetola: Osun will rival crude oil in gold mining

By Matthew Eloyi

Governor Adegboyega Oyetola of Osun State has expressed optimism in the financial growth of gold mining in the state, adding that it would compete with the value of crude oil to the nation’s economy in the near future.

Oyetola stated this on Sunday while speaking to journalists in an interview in Abuja.

He said his administration is taking mining activities from artisan to corporate level, with the involvement of private sector players coming for exploration and exportation.

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The governor said Osun is known for large deposit of mineral resources, including gold, lead, zinc, quartz, feldspar and several precious metals and his government is poised to invest in the resources for the growth of the economy.

The governor said in addition to current efforts of his administration to achieve mining sufficiency, Osun will take advantage of the presidential initiative on mining.

“Give us a few years, gold will be our own oil in Osun state. Our state will be known for major supply of gold in Nigeria and around the world,’’ he said.

Oyetola named a Canadian firm; Badger Mines, as being already on ground while the process of signing a memorandum of understanding (MoU) with another unnamed firm is underway.

Oyetola: Osun will rival crude oil in gold mining