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AUSTRALIAN FIRM TO EXPLORE MINERALS IN OYO

By NBF News
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Oyo State Government has signed a Memorandum of Understanding (MoU) with an Australian Consortium for the exploration of mineral resources in the state.

Governor Abiola Ajimobi accompany by other top government officials signed on behalf of the state government, Dr. Dapsy Olatona signed on behalf of MM&E Australian Company.

The relationship would also involve the production of fruit juice, development of farm settlements across the state, as well as vocational training for students in tertiary institutions.

Speaking after signing the MOU, Ajimobi said that with the signing, the various mineral resources which abound in the state would be fully explored for the growth and development of Oyo State. He told the investors to fashion out a programme of implementation to enhance the exploration of the resources.

Gov. Ajimobi, who described the signing of the MoU as a right step in the right direction, commended the investors for their interest in the areas of agriculture and mining, in which he said the state had comparative advantage.

arlier in his remark, the Special Adviser to the Governor on Solid Minerals, Hon. Mathew Oyedokun, had said that the area of interest of the investors extended to the production of fruit juice, development of farm settlements, as well as vocational training.

He said that the coing of the investors followed recent visit by Ajimobi's to Australia.

The Head of MM&E Consortium, Dr. Dapsy Olatona, had earlier expressed his company's willingness to include education and vocational training in its areas of interest, adding that his company would also deplore modern technology to the production of fruit juice.