Osun Govt Mandates Mining Firm To Reconstruct Iperindo-Ilesa Road

THE Osun State government has revealed that a gold mining operating firm in the state, Segilola Resources Operating Limited, has agreed to reconstruct the dilapidated Iperindo-Ilesa road.

A statement by the Spokesperson to Governor Ademola Adeleke, Mallam Rasheed Olawale, indicated that the road reconstruction was part of the agreement reached between the government and the firm after a business meeting on Monday. 

According to the statement, Osun State has also become a shareholder in the gold mining firm which was regarded as the largest in Nigeria.

The statement reads: “Governor Ademola Adeleke has resuscitated Osun shareholding within the largest gold mining operating firm in Nigeria, Segilola Resources Operating Limited.

“The shareholding shrouded in secrecy and largely unvalidated until now was earned from the state investment in Thor firm from which Segilola emerged.

“In a business meeting with the Managing Director, Segun Lawson and his team on Monday, Governor Adeleke disclosed details of the agreement reached with the Segilola Resources Operating Limited, announcing Hon Kazeem Akinleye , the Chief of Staff to the Governor, as the representative of Osun state on the board of Segilola firm.

“The firm has agreed to reconstruct the Iperindo-Ilesa road and expand scholarship to youth within its operating communities.

“While urging the company to always report its corporate social responsibility and community development agreement, the Governor said Segilola management has also agreed to review its compliance with requirements of Pay as you Earn for its employees.

“On mining exploration generally, Governor Adeleke said Segilola is ready to collaborate with Osun state on further mineral exploration and operation of state mining titles.

“Other agreements reached at the meeting include provision to the state government all paid royalties so far to the Federal Government,quarterly meeting with Office of Natural and Mineral Resources to enhance synergy on environmental management and representation for osun along the mining value chain and operational stages.”