First Bank Nigeria Limited and Osun State Partnering in Mining

First Bank, Osun to partner in mining

Isola Moses

As Nigeria intensifies efforts at diversifying its economy, creating more employment opportunities and wealth in the mines and steel development sector of the economy, Mr. Adesola Kazeem Adeduntan, Managing Director/Chief Executive Officer (CEO) of First Bank Nigeria Limited, has pledged the bank will support and partner with Osun State in the mining sector.

Reports available to ConsumerConnect stated that Mr. Adeduntan made this known at a meeting between the First Bank of Nigeria team and Governor Adegboyega Oyetola of Osun State, in the Governor’s Office, in Osogbo, the state capital, Thursday, February 6.

Earlier in his remark, Managing Director/CEO of the bank expressed gratitude to Governor Oyetola and the state for the conducive business environment the First Bank has enjoyed over the years.

One of the secrets of the bank’s strength is its policy of not being a financial institution that is just about profitability, but one that helps the nation bake a bigger cake, Adeduntan said.

“We have noticed the increased activities of Osun in mining, the awareness created during the Summit the state had last year, and we are willing to help the government realise its goals in the sector.

“We promise to support and partner with Osun in mining because that is one sector that will help create more employment opportunities and diversify the economy of the state,” he stated.

The Governor expressed his appreciation to First Bank for its readiness to partner with the Osun State in mining.

“I truly appreciate the support of First Bank of Nigeria over the years and today’s visit by the Managing Director of this reputable bank.

“It is also heartwarming that First Bank is ready to support Osun’s mining sector,” he said.

Oyetola further disclosed that Osun is ready and determined to explore and move its mining sector from artisanal into the realm of corporate investment.

“Fortunately, we have received very encouraging response from within and outside Nigeria.

“The state is blessed with billion-dollar worth of mineral deposits and this administration is working round the clock the convert them into palpable and usable resources to improve both the economy of the state and the standard of living of the citizens.”

According to him, Osun State has all the required documents to excite local international investors.

“We will work with them to realise our dream of an enviable mining sector in Osun,” Oyetola said.

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