Osun State Governor, Ademola Adeleke, has urged local and foreign investors to tap into the state’s vast solid minerals deposits, assuring them of policy stability, improved security and an enhanced ease of doing business environment.
A statement signed by the governor’s spokesperson, Olawale Rasheed, and obtained in Osogbo on Wednesday, said Adeleke made the call in Cape Town, South Africa, at a high-level dinner hosted by Romulus Mining on the sidelines of the Mining Indaba.
The event was attended by dignitaries including the Minister of Solid Minerals Development, Dele Alake, and the Ooni of Ife, Oba Adeyeye Ogunwusi.
Adeleke outlined his administration’s roadmap to position mining as a major driver of economic diversification, job creation and sustainable internally generated revenue.
He said the state government had implemented far-reaching regulatory reforms to attract credible and long-term investors, adding that state-level permitting and approval processes had been streamlined, cutting timelines by over 50 per cent.
The governor also disclosed that a comprehensive geological resource mapping of the state had been completed to provide investors with reliable and bankable data to support informed investment decisions.
Commending Romulus Mining for expanding its footprint in Osun, Adeleke acknowledged the company’s commitment to increase its investment in the state from $50m to $150m over the next three years.
He said Osun is endowed with commercially viable deposits of gold, lead, zinc, quartz and feldspar, supported by 19 active mining licences operating under the state’s investment framework.
According to him, the government has strengthened security architecture around mining corridors and expanded public-private partnerships to promote local processing and value addition.
The statement added that the state is formalising artisanal and small-scale mining through targeted training programmes, access to finance and deployment of modern mining technology aimed at improving productivity, safety and regulatory compliance.
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“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,” Adeleke was quoted as saying.
It was reported that the state government in October 2025 announced that a Turkish furniture company planned to commence production in Osun, while a United Kingdom-based firm had also approached the government to sign a Memorandum of Understanding.
The Commissioner for Commerce and Industry, Bunmi Jenyo, disclosed this in Osogbo while unveiling a document detailing investment opportunities for the 2025 Osun Trade Fair.
Jenyo said the Adeleke administration would continue to attract foreign investment to create jobs and provide markets for available raw materials in the state.