Osun State resolved its dispute with Thors Explorations Limited over the Segilola Gold Project, Nigeria’s largest gold mine.
Governor Ademola Adeleke commended President Tinubu and Minister Dele Alake for mediating the conflict during a high-stakes Abuja meeting.
The Federal Ministry of Solid Minerals Development facilitated negotiations, addressing four key issues: state shareholding, tax disputes, environmental damage, and mining boundaries.
Stakeholders agreed to transfer Osun’s shareholding certificate to Governor Adeleke, finalizing the state’s equity stake.
Governor Adeleke praised federal reforms, stating, “President Tinubu’s mining sector initiatives inspired our state-level actions.” He emphasized Osun’s commitment to investor-friendly policies and sustainable development. Meanwhile, Minister Alake reiterated federal efforts to stabilize Nigeria’s mining climate, urging cooperation between states and firms.
Following closed-door talks, both parties agreed to exchange tax data and environmental impact assessments. They also pledged to resolve boundary disputes amicably, ensuring smoother operations. Additionally, the state reaffirmed its openness to partnerships aligning with economic growth goals.
The conflict’s resolution marks a milestone for Osun’s mining sector, signaling improved investor-state relations. Adeleke received the shareholding certificate symbolizing renewed collaboration with Thors Explorations, operator of the Segilola mine. Stakeholders now anticipate accelerated mineral resource development, boosting local jobs and revenue.
Environmental concerns dominated discussions, with Osun demanding stricter compliance to mitigate mining’s ecological footprint. The state also pressed for clearer profit-sharing frameworks to maximize community benefits. Furthermore, both parties agreed to quarterly reviews to prevent future disagreements.
Minister Alake highlighted Nigeria’s mining potential, stating, “Cooperation attracts foreign investment and positions Nigeria as a global mining hub.” He urged other states to emulate Osun’s pragmatic approach to conflict resolution. Meanwhile, industry analysts hailed the deal as a template for resolving resource disputes nationwide.
President Tinubu’s reforms, including streamlined licensing and anti-smuggling measures, underpinned the successful negotiation. These policies aim to formalize artisanal mining and enhance sector transparency. Consequently, Osun’s resolution aligns with broader federal goals to diversify Nigeria’s economy beyond oil.
Governor Adeleke reiterated Osun’s readiness to partner with ethical investors, stating, “We prioritize fair practices and environmental stewardship.” The state plans to audit mining activities regularly, ensuring compliance with agreed standards. Public reaction remains optimistic, with locals hopeful for job creation and infrastructure upgrades.
The Segilola Gold Project, operational since 2021, contributes significantly to Nigeria’s gold output. Its expansion could position Osun as a mining leader, attracting ancillary industries. However, advocates urge stronger safeguards to protect host communities from exploitation and pollution.
As Osun celebrates this breakthrough, focus shifts to implementation. Stakeholders will monitor tax settlements and environmental pledges closely, ensuring promises translate to action. The state’s proactive stance sets a precedent for balancing investor interests with public welfare.
This resolution reinforces Nigeria’s mining sector potential, showcasing the power of dialogue in unlocking resources. With federal and state governments collaborating, Osun’s gold-rich landscape may soon drive national economic transformation
