Monarch says gold will end Osun’s over-reliance on federation account - Punch Newspapers

Osun State Governor, Adegboyega Oyetola, has been commended for reducing activities of illegal miners in the state.

The Alakola of Ikola-Ijesa, Oba Festus Adeyemi, spoke during a meeting organised by the State’s Civic Engagement Office at Ikola-Ijesa on Sunday. Adeyemi noted that with more revenue coming into state’s coffers through mining, the state would, in no time, end its over-reliance on federal allocation. He said, “I want to commend the governor for taking mining activities from artisan to corporate level, with the involvement of private sector players coming for exploration and exportation.

“This will have a positive effect on the economy of the state because, with current efforts of the governor, in the next few years, gold will be our own crude oil in Osun State.Responding, Oyetola, who was represented at the meeting by his Special Adviser on Civic Engagement, Olatunbosun Oyintiloye, assured stakeholders that his administration would continue to invest in natural resources to grow the economy.

Every governors should use their economic right to seek for western investors to invest in their resources but they should also remember that western imposed capitalism limit the wealth generated from resources by handing the running of resources to corporation .

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