Bituminous oil sand exploitation to begin in Ondo State in 2018
December 10. 2017: The Ondo State Government has said arrangements have been concluded to begin exploitation of bitumen deposits at Agbabu town in the Irele Local Government Area of the state in 2018.
The Commissioner for Special Duties and Regional Development, Prof. Bayo Ademodi, who said this at an interactive session with investors in Akure, said industrialisation of the state was important to the current administration.
Ademodi, who said some companies had been licensed to begin the exploitation of bitumen in the state, noted that mineral resources are on the exclusive list of the Federal Government.
He said, “We want to assure you that your stay in the state during the exploitation will be without any incident.”
In his response, a former Minister of State for Transport, Habib Aliu, who is the chairman of Kabara Nigeria Limited, one of the companies that bid for the exploitation, expressed the readiness of his firm to begin work in the area.
