In its determination to tap the mineral resources of the country for effective diversification of the economy, the Federal Government has promised to partner the Ondo State government towards the exploration of its bitumen resource.
Kayode Fayemi, the Minister of Solid Mineral Resources, who made the assurance during a courtesy visit to Governor Olusegun Mimiko in Akure, expressed optimism towards the realisation of the exploration of the state’s bitumen to boost the state and country’s trade and economy.
Fayemi, who had earlier toured d the bitumen belt in Agbabu, Loda, Ilubirin and other communities expressed shock at the quality of bitumen from the surface, noting that the federal government would be willing to partner the State.
He assured of the federal government’ cooperation for the actualisation of the exploration, stressing that the partnering company’s team, “Liquefied Resources” had visited his office in Abuja, submitting that “with the new technology on ground, bitumen exploration is realisable.”
Fayemi, who said the Agbabu bitumen would soon put an end to bitumen importation in the country, noted that 80% of bitumen being used in the country was imported.
He said his visit to Agbabu, Loda and Ilubirin among others clearly showed that the State has the largest deposit of bitumen in Nigeria, which he noted, when operational, would benefit the host communities and the entire people of the State.
Remarking, the state governor, Dr. Olusegun Mimiko lauded the roles of Dr. Fayemi in revamping the sector since his assumption of office and also solicited his support for the realisation of the bitumen project.
Mimiko, who assured that the State would leverage on bitumen and other solid minerals in the state to boost its economy and add values to the lives of the people.
The governor noted that apart from the bitumen project, his government is also working on Ilaje Deep Sea Mining Port in an effort to complementing the diversification effort.
Mimiko said his administration would partner the Federal Government in its diversification policy to fast-track national development.