Gold Mining Will Become our Crude oil Soon, Says Osun Gov.

Hamilton Nwosa
Writer
Gold mining will become our crude oil soon, says Osun Gov.

Ad

Global CEOs, Top Diplomats, Ministers, Governors, Industry leaders gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas, Minerals, Maritime Opportunities

By Abiola Olawale Following the official opening of the 80th Session of the United Nations General Assembly (UNGA80), New York, USA, high-level delegations from over a dozen countries, including global CEOs, top diplomats, ministers, governors, industry leaders will gather in New York to unlock the Gulf of Guinea’s over $800 billion Energy, Oil & Gas,…

Charted: Populations of China, India, U.S., and Europe (1950–2100)

Key Takeaways India is projected to remain the world’s most populous country through 2100, stabilizing around 1.5 billion people. China’s population is expected to fall by more than half, from 1.4 billion to 0.6 billion. Europe’s population will decline steadily, while the U.S. population grows gradually to 420 million. As global demographics continue to shift,…

Elon Musk drops to second place as AI boom powers Oracle’s Larry Ellison to world’s richest status

By Obinna Uballa Elon Musk has lost his long-held crown as the world’s richest person to Oracle co-founder Larry Ellison, following a record-breaking surge in Ellison’s net worth. According to Bloomberg’s Billionaire Index, Ellison’s fortune jumped by an unprecedented $101 billion on Tuesday night to reach $393 billion, surpassing Musk’s $385 billion. The windfall came…

Ad

Gov. Adegboyega Oyetola of Osun says that gold mining will assume the position of crude oil in the economy of the state in the near future.

Oyetola expressed the optimism in Abuja on Sunday when he featured at the flagship interview session of the News Agency of Nigeria, known as “NAN Forum.’’

He said that his administration was taking mining activities from artisanal to corporate level, with the involvement of private sector players coming for exploration and export.

NAN reports that Osun State is known for large deposits of minerals, including gold, lead, zinc, quartz, feldspar and several precious metals.

The governor said that apart from current efforts of his administration to achieve mining sufficiency, Osun was a beneficiary of the presidential initiative on mining.

“Give us a few years to come, 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.’’

Oyetola named a Canadian firm, known as Badger Mines as being already on ground, while the process of signing a Memorandum of Understanding (MOU) with another unnamed firm was underway.

“We are working with responsible miners. The two Canadian firms are doing pretty well and I believe that in no distant future we will be able to harvest a lot of our gold and refine them.

“I can talk about Badger Mines while the second one is still doing the MOU but the first one is already out there doing exploration and the result has been so far, so good.

“Don’t forget that we also have the Segilola Gold Project, which has established a refinery for gold in Osun State. It is a state government initiative too.

“We are also collaborating with the Federal Government on mining.

“Our state is one of the two states, along with Kebbi State, selected as pilot states for the Presidential Artisanal Gold Mining Development Initiative (PAGMI).

“So, the intention is to actually encourage our youths to go into mining by giving them skills and some supports, instead of the usual diggers and things like such that they use excavators.

“The problem I have with that is the question of remediation. They dig but they don’t remediate. That is not good enough. They end up destroying our environment.

‘’You don’t destroy the environment and leave it like that.

“The ground they are digging is supposed to be for farming. So, if you don’t remediate, over time you may have serious issue of environmental degradation like you had in the Niger Delta in those days.

“In whatever partnership we are doing with people, we take the issue of environment serious. We need responsible firms that will do remediation and not destroy our environment in the name of mining.’’ (NAN)

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp