Oyo State Governor Seyi Makinde has revealed that his administration is actively working to establish the state’s solid minerals on a global platform for meaningful partnerships…CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

The governor disclosed that his government is in the process of forging a partnership with Fasken’s Global Mining Group, one of the world’s largest mining companies.

This collaboration aims to enhance the development of the state’s solid mineral sector and revitalize the Pacesetter Mineral Development Company, a state-owned limited liability company.

Governor Makinde had previously recognized solid minerals as a significant potential source of increased revenue for the state. Therefore, the decision was made to attract investments into the solid minerals sector and develop the necessary infrastructure around it.

He explained that this partnership with Fasken aligns with the state’s goal to promote the growth of its solid mineral sector and diversify its economy through the development of solid minerals.

Governor Makinde, leading a delegation from Oyo State to meet with the leadership of Fasken Group in London, expressed the government’s unwavering commitment to transform the state into a global center for mineral development, fostering economic growth and sustainability.

The Oyo State team intends to leverage Fasken’s extensive industry connections, expertise, and competence to develop its solid minerals sector, stimulate economic growth, broaden its revenue sources, and generate employment opportunities for its citizens.