By Newspot Nigeria Business Desk
Governor Ademola Adeleke has declared that Osun State is fully open for mining investment, promising policy stability, improved security architecture, and a streamlined ease-of-doing-business environment to both local and international investors.
Speaking in Cape Town, South Africa, at a high-level dinner hosted by Romulus Mining on the sidelines of the prestigious Mining Indaba, Governor Adeleke presented Osun’s strategic roadmap to reposition solid minerals as a major pillar of economic diversification, job creation, and sustainable internally generated revenue.
The Governor disclosed that his administration has undertaken sweeping regulatory reforms designed to attract credible long-term investors. According to him, state-level permitting and approval processes have been streamlined, reducing processing timelines by more than 50 percent.
He further revealed that comprehensive geological resource mapping has been completed, providing investors with reliable and bankable data to support informed decision-making and reduce exploration risks.
Commending Romulus Mining for deepening its footprint in the state, Adeleke acknowledged the company’s plan to expand its investment portfolio in Osun from $50 million to $150 million within the next three years. He described the firm as a responsible operator leveraging advanced exploration techniques, innovative financing models, and strong host community engagement.
Osun State, the Governor noted, is endowed with commercially viable deposits of gold, lead, zinc, quartz, and feldspar, supported by 19 active mining licences operating within the state’s investment framework.
To ensure investor confidence, Adeleke highlighted strengthened security around mining corridors and expanded public-private partnerships aimed at promoting local processing and value addition rather than raw mineral export.
He also announced ongoing efforts to formalize artisanal and small-scale mining through structured training programmes, access to finance, and deployment of modern mining technology to enhance 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 stated.
The event drew key stakeholders including the Honourable Minister of Solid Minerals Development, the Honourable Minister of Information, and the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, signaling alignment between federal, state, and traditional institutions in advancing Nigeria’s mining sector.
— Newspot Nigeria
