The state governor, Dr Rahman Mimiko said the decision to allow states participate in mineral mining is a demonstration of the commitment of the federal government to diversify the economy and stimulate economic growth.
Dr Mimiko stated this while receiving the Minister of Solid Minerals Development, Dr Kayode Fayemi, in his office on Friday.
Fayemi who was on a two-day working visit to Ondo State, had paid a courtesy visit to the governor with top officials of the ministry.
The Minister who briefed the Governor on his inspection of bitumen deposit in the state, also presented him copies of the Mining Roadmap designed by the ministry.
Governor Mimiko said the decision to allow state government engage in mining has created some excitement, and has proved that the federal government is committed to the diversification plan.
He said Ondo State was set to take advantage of the development by exploring its vast bitumen deposit, a development that has led to a partnership with a foreign investment company.
He said the federal government’s decision showed it is conscious of the sensibility of the states.
“The vibration from your ministry since you came in as Minister has been quite positive. You are conscious of our sensibilities. We will collaborate with the federal government all the way.” Said Governor Mimiko.
He revealed that the state government has acquired 90 per cent equity stake in the Bitumen Investment Company and is ready to utilise its mining licences for bitumen exploration.
Fayemi, while presenting the Mining Roadmap, to Mimiko said he marvelled at the depth of bitumen deposit in the state.
The Minister said the federal government was much more interested in collaboration and partnership. “And that means, we stand ready as a government to create the enabling environment.
He said there was need to improve the technology of extraction as well as environmental factor.
