Oyo to boost investment with mineral resources

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Oyo State Government has said that the investment sector in the State will be boosted with the available mineral resources in the state, assuring that enabling environment has been created for would be investors.

Governor Abiola Ajimobi through his Special Adviser on Solid Minerals, Hon. Matthew Oyedokun stated this on Tuesday, noting that the state government has updated the database on mineral resources deposited in the state.

The governor disclosed that the State is blessed with minerals resources such as Talc and Talcose body, Feldspar, Granite, Quartz, Mica, Marble/Dolomite, Iron Stone, Gemstone, Gold among others, explaining that these natural resources located in some Local Government Areas of the state are investors friendly and which in turn allows for development.

According to him, “the major determinant for the location of investments/industries is the availability and accessibility of resources. Hence, the State Government has embarked on aggressive provision of good motorable roads network linking the rural areas where most of the natural resources are located.

“Situating industries in these localities will bring royalties and employment opportunities to the people. It also will facilitate rapid development of the areas. The opportunities available will be of immense benefit to both the rural areas and the state as a whole,” the governor emphasized.

Governor Ajimobi reaffirmed that the State Government will continue to provide the enabling environment to attract investors and consequently urged land owners to accommodate both foreign and local investors towards investing in exploration and exploitation of minerals resources.

He promised continuous geological mapping for updating the existing mineral resources and discovery of new ones.

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