From Lateef Dada, Osogbo

Osun State Government has disclosed that mining processing will start in the state fully in 2024 and the state will soon be earning more revenue from the mining sector.

Governor Ademola Adeleke disclosed this while responding to a situation brief submitted by his Special Adviser on Mining and Solid Minerals, Prof
Lukuman Adekilekun Jimoda.

A statement by the governor’s spokesperson, Olawale Rasheed, on Thursday stated that Adeleke applauded the progress and successes his administration recorded in the mining sector with securing shareholding within Segilola Operating Limited and enforcement of environmental standards in mining operations among others.

Adeleke recalled that a year ago, he promised an overhauling of the mining sector to secure maximum returns for the state from her solid mineral wealth.

“We are recording an increase in revenue generation. Accumulated service charges on our licenses have been cleared. We are at the tail end of upgrading our exploration leases to mining leases. This will bring more investors.

“I am elated to report that we have fulfilled that promise within a year of assuming office, the Governor noted, adding that he was particularly elated with the environmental standard enforcement.

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“We are now operating an environmentally friendly operation. EIA (Environmental Impact Assessment) and EMP (Environmental management plan) is now a must before mining operation. Cleaning up the polluted environment is also ongoing. Our mining operation now has zero tolerance for environmental degradation,” Adeleke said.

He narrated that a long-drawn negotiation with mining companies operating in Osun has been on since the beginning of the year, noting that Osun will soon be earning more revenue from the mining sector.

“My strategy was to get Osun to genuinely benefit from her natural wealth within the federal setup. We have positive results now. We have secured shareholding with Segilola Resources Operating Limited. Further earnings will soon be coming from Segilola.

“As part of the overall plan, we have increased our signature bonuses in line with reality. We are indeed starting mining processing from early next year.

“To ensure the full involvement of all interested parties, I have directed the solid mineral office to organize a meeting of all stakeholders before the end of the year.

Speaking earlier, Prof Jimoda assured the Governor that no effort is being spared to implement the mining sector reform as laid out by Governor Adeleke’s government.