The State Government is making frantic effort to commence the exploration of bitumen deposits in the state.
Governor Olusegun Mimiko raised the hope on the exploration of the vast bitumen deposit buried in the state, while receiving the leadership of the National Association of Petroleum Explorationists (NAPE) , led by its President, Dr Mayowa Afe.
He expressed optimism that with the proposed Petroleum Industry Bill (PIB), expected to transfer the management of bitumen from the Ministry of Solid Mineral to that of Petroleum, the state’s socio-economic landscape would be improved. He gave the assurance that his administration will collaborate effectively with the association, to attract more investors to the state, adding his government has embarked on measures to make the state an investors’ destination.“We are making effort to fast track the exploration of bitumen and as a major player in this business, we are going to enhance our relationship with your association. We are also working hard to ensure that the state capital is very attractive to investors, we are constructing roads with standard road furniture, we are building 21st century schools and we are working assiduously to make our state a destination for investors”.
The President of the Association, Dr Mayowa Afe, described Ondo State as a fertile land for investors, especially in oil and gas, as well as tar sand. He urged the State Government to ensure proper demarcation of its territory, in order to curb losses of its resources.
Afe, who noted that a larger portion of the state’s resources were yet to be exploited, promised to work closely with the government for mutual benefit and relationship. “Based on the involvement of the state in exploration and production activities and its vast oil and gas resources, a substantial part of which is yet to be exploited, the association is extending its hands of fellowship to the state for mutual relationship”.