Osun State Governor, Ademola Adeleke, has urged local and foreign investors to harness the state’s solid minerals potential and invest in the state.
Adeleke, according to a statement by his spokesperson, Olawale Rasheed, on Wednesday, made this call in Cape Town, South Africa, at a dinner hosted by Romulus Mining on the sidelines of the Mining Indaba.
The governor boasted that Osun has policy stability, could boast of enhanced security and a significantly improved ease of doing business environment.
The event was attended by dignitaries who include Minister of Solid Minerals Development, Mr Dele Alake; the Ooni of Ife, Oba Adeyeye Ogunwusi.
The governor said the state is endowed with commercially viable deposits of gold, lead, zinc, quartz and feldspar, supported by 19 active mining licences operated under the State’s investment framework.
He further noted that the government has strengthened “security architecture around mining corridors while expanding public-private partnerships to promote local processing and value addition.”
The statement read, “The state is formalising artisanal and small-scale mining through targeted training programmes, access to finance and the deployment of modern mining technology, aimed at improving productivity, safety and regulatory compliance.
“Osun State is open for mining business. The government is not just a regulator; we are a committed partner focused on delivering predictable policies, secure operations and sustainable returns for investors.”
Adeleke further outlined Osun’s plan to position mining as a key driver of economic diversification, job creation and sustainable internally generated revenue.
He said his administration has implemented far-reaching regulatory reforms to attract credible and long-term investors, noting that state-level permitting and approval processes have been streamlined, cutting timelines by over 50 per cent.
He also announced that a comprehensive geological resource mapping for the state has been completed, providing investors with reliable, bankable data to support informed investment decisions.