Osun is open for mining business — Adeleke

Osun State Governor, Senator Ademola Adeleke, on Wednesday acknowledged Romulus Mining Company’s commitment to expand its investment in Osun State from $50 million to $150 million over the next three years.

He added, “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.”

The Governor made this known via his spokesperson, Mallam Olawale Rasheed, in Osogbo, quoting his principal as having made the remark in Cape Town, South Africa, at a high-level dinner hosted by Romulus Mining on the sidelines of the Mining Indaba.

The statement commended the mining company’s presence in the state and its growing footprint, describing Romulus Mining as a responsible and value-driven operator, citing its use of advanced exploration techniques, innovative financing models and strong host community engagement.

Governor Adeleke highlighted that Osun State is richly endowed with commercially viable deposits of gold, lead, zinc, quartz and feldspar, supported by 19 active mining licences operated under the State’s investment framework.

He further noted that the government has strengthened security architecture around mining corridors while expanding public–private partnerships to promote local processing and value addition.

The Governor stressed that his administration has implemented far-reaching regulatory reforms to attract credible and long-term investors into the state, revealing that state-level permitting and approval processes have been streamlined, cutting timelines by over 50 per cent.

He added that comprehensive geological resource mapping has been completed, providing investors with reliable, bankable data to support informed investment decisions.

Adeleke called on local and foreign investors to harness the State’s vast solid mineral potential and assured them of policy stability, enhanced security and a significantly improved ease-of-doing-business environment.

He also revealed that the state is formalising artisanal and small-scale mining through targeted training programmes, access to finance and the deployment of modern mining technology, aimed at improving 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,” the Governor reiterated.

The event was attended by the Honourable Minister of Solid Minerals Development, the Honourable Minister of Information, and His Royal Majesty, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, underscoring the strong collaboration between federal, state and traditional institutions in advancing Nigeria’s mining sector.