Osun receives N100m for development of mining site

Wed Nov 20th, 2019 - Osun

The State of Osun has received a sum of N100 million from Badger Mines, a Canada-based mining company, as sign-on fee for exploration and development of one of the state’s mining titles.

The State Governor, Gboyega Oyetola, disclosed this yesterday, while delivering his address at the opening ceremony of the three-day Economic and Investment Summit held at Aurora Event Centre in Osogbo.

The governor disclosed that the government had earlier executed a Memorandum of Understanding (MoU) with the mining company as part of necessary preparation for the commencement of mining operations in the state.

Oyetola, who expressed optimism that the summit would achieve the desired results going by the positive response obtained so far from key players in the private sector, said the government is fully prepared to give all the support required for investment to thrive, particularly in mining, tourism and culture and agriculture.




source: Guardian