The Oyo State Government has stated that it is working on a partnership with Fasken’s Global Mining Group to develop the state’s solid mineral sector and reposition the Pacesetter Mineral Development Company, a limited liability company owned by the state.
The state governor, ‘Seyi Makinde had earlier identified solid minerals as a veritable source for increasing the state’s revenue, hence the decision to attract investment into the solid minerals sector and build infrastructure around it.
The partnership with Fasken is in line with the objective of the state to grow its solid mineral sector and expand the state’s economy through solid mineral development.
Governor Makinde, who led the Oyo State team to a meeting with the leadership of Fasken Group in London recently to initiate the collaboration, assured the Group of the government’s unwavering commitment to turn the state into a global hub for mineral development towards economic growth and sustainability.
