Arrangements are in top gear to kick-start the exploration of the large
deposit of Bitumen in Ondo State by an indigenous company, South West
Bitumen, (SWB) which has secured a 25-Year renewable operational mining
license across a land mass of about14,800 Hectares in the Southern part
of the Sunshine State.
Speaking during a working visit to the Ondo
State Governor, Oluwarotimi Akeredolu, SAN; the Managing Director of
South West Bitumen Company, Engineer Akin Odumakinde, disclosed that
construction of a befitting operational base for the company would be
completed within the next three months.
Engineer Odumakinde who told
the governor that the SWB was ready to commence mining operation of
bitumen in the state very soon having taken delivery of needed equipment
and paid the agreed compensation to the families of land owners whose
landed properties were within the landmass acquired for the project.
He
said on completion, several persons would be employed from the host
communities across Odigbo , Irele and Okitipupa Local Government Areas.
He
categorically stated that a Bitumen Research and Development Centre has
been established at the Federal University of Technology in Akure and
its affiliate to be at the state’s University of Science and Technology,
Okitipupa.
At inception of his administration the governor had
stated that the bitumen project was close to his heart adding that the
product which the state has in large abundance would not only be
harnessed but also bring about the desired change to the economic
fortunes of the state.
While briefing the governor on the efforts
carried out so far on the project, the Managing Director explained that
the nation stands to benefit a lot from the project.
He stressed that
Nigeria consumes more than 95% of bitumen processed in West Africa,
noting that the state ranked 5th largest bitumen reserves in the world
with the potential of producing asphalt products that can compete in the
international market if explored.
Responding, Governor Oluwarotimi
Akeredolu commended the company for its efforts towards ensuring the
realisation of the untapped products and also resolving with host
communities in a more civil manner which will be of great benefit to
them and the state at large.
Arakunrin Akeredolu acknowledged the
former Minister of Mines and Steel Development and now the Governor of
Ekiti, Dr Kayode Fayemi, for his immeasurable interest at granting the
license to the company .
He assured that the State Government would
look speedily into the request to confer Deeds of Ownership of the
acquired land for the project on the company through the issuance of
Certificate of Ownership.
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