Latest news with #OsunStateGovernment
Zawya
01-05-2025
- Business
- Zawya
Nigeria: Osun govt harps on innovation, technology to drive economic growth
The Osun State Government, on Wednesday, declared its readiness to provide youths in the state with the platform and resources needed to develop innovative solutions to bridging the digital divide. The state government said the vision is to position Osun State as a hub for innovation and technology. The state Commissioner for Innovation, Science and Technology, Moroof Ayofe, stated this at the opening ceremony of the 2025 Osun Challenge Initiative. Ayofe said the present administration is committed to harnessing innovation and technology to drive economic growth, improve quality of life, and create opportunities for all. He added that by leveraging digital solutions, the state government can enhance governance, improve citizen engagement, and drive economic development. He said, 'As we are all aware that the world is changing every day and moving to the next level, this is why the present administration, under the leadership of Senator Ademola Adeleke, has taken it upon itself to move from old ways and embrace new technology and modern trends. 'As the theme for this program implies, 'Innovating for a sustainable and digitally inclusive Osun State', distinguished guests, esteemed judges, innovators, and fellow citizens, this initiative embodies our administration's commitment to harnessing innovation and technology to drive economic growth, improve quality of life, and create opportunities for all. 'We recognise the potential of our youth and aim to provide them with the platform and resources needed to develop innovative solutions. This challenge is a testament to our dedication to bridging the digital divide and ensuring inclusivity, and thereby empowering the next generation. 'Our vision is to position Osun State as a hub for innovation and technology, by leveraging on digital solutions, we can enhance governance, improve citizen engagement, and drive economic development.' In his address, the Special Adviser on Innovation, Science and Technology, Azeez Badmus, said Adeleke's investments in broadband infrastructure, digital identity, e-governance, tech education, and open government systems are deliberate efforts to make Osun a tech-driven state. 'Through his unwavering commitment to building a sustainable digital economy, the Governor has laid the foundation for a more inclusive and forward-thinking Osun State. His investments in broadband infrastructure, digital identity, e-governance, tech education, and open government systems are deliberate efforts to make Osun a tech-driven state. 'Beyond infrastructure, His Excellency has created a business-friendly environment that is enabling startups to thrive, SMEs to scale, and talents to stay and build within the state. 'From supporting the passage of innovation-friendly bills to the establishment of the Osun digital economy framework, we now see the fruits of a government that truly understands the importance of technology in today's economy,' he added. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Yahoo
26-03-2025
- Business
- Yahoo
Thor Explorations Announces Release of Fact-Finding Committee Report on Osun State Dispute
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2025) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) ("Thor" or the "Company") announces that its wholly owned operating subsidiary in Nigeria, Segilola Resources Operating Limited ("SROL") has received a copy of the report of the Inter-Ministerial Fact-Finding Committee on the dispute between SROL and the Osun State Government (the "Report"). Following a meeting held on the 25th of March 2025 in Abuja with all relevant parties, the report has been formally released to SROL. Importantly, the Report affirms SROL's compliance with its legal and regulatory obligations, and that the allegations of wrongdoing were unfounded. Additionally, the report confirmed that the ₦3.25 billion (USD$2.086M) tax invoice was not valid and unsubstantiated. The Committee recommended that the revised tax invoice of ₦98,347,105.18 (USD$64.1K), issued on 23rd September 2024, should be subject to a final reconciliation process to be affected by both parties and to facilitate an amicable resolution. Regarding the environmental allegations, the report also confirmed the lack of evidence of any environmental pollution on the part of SROL and thus, no basis for the claim for additional environmental levies. While the report addresses the key concerns, SROL remains open to continued engagement with the Osun State Government to resolve any outstanding matters amicably and in good faith. For full details on the findings and recommendations of the Inter-Ministerial Fact-Finding Committee, please refer to the report available on our website via the following link: Thor would like to take the opportunity to thank the Honourable Minister for Solid Minerals Development and the Inter-Ministerial Fact-Finding Committee for their efforts in resolving these matters. Osun State Government Shareholding in Thor The Company also wishes to clarify the position regarding Osun State Government's shareholding in Thor. In August 2016, when Thor completed the acquisition of the Segilola Gold Project, Thor issued 5,192,869 ordinary shares to the Osun State Government and local community as part of its social responsibility to enable the State and proximal communities to benefit from any success of the project. These shares have since been part of the Company's issued share capital and have no preferential rights. The share certificate, which had remained in the custody of Tropical Mines Limited (the previous owners of the Segilola Gold Project), with the State's knowledge, was formally handed over at the meeting on 25th March 2025. Separately, Thor also issued 20,771,478 in 2016 to the Nigerian Mining Corporation, (currently a 3% shareholder of Thor). The shares of both these entities constitute part of Thor's existing total issued share capital of 664,244,710 ordinary shares outstanding. Further detail on the Report The recommendations can be found on pages 15-19. Segilola reaffirms its commitment to its host communities and strengthening its social license to operate by implementing relevant Corporate Social Responsibility ("CSR") initiatives in Osun State, in addition to its various impactful Community Development Agreement ("CDA") and Livelihood Restoration Programme ("LRP") initiatives. A few of Segilola's community initiatives include: 1. Education and Youth Empowerment Programs Construction and renovation of schools, including provision of scholarships to secondary and tertiary institutions. Sponsorship of skill acquisition workshops for youth and women 2. Healthcare Initiatives Provision of equipment and medical consumables, training of staff at the primary health centres, renovation of community healthcare centers, implementation of health programs, and disease prevention campaigns. In 2024, SROL conducted its second medical outreach, providing consultations, advanced diagnostics, medications, and surgical procedures. 3. Infrastructure Development Ongoing road rehabilitation projects. Provision of mains power transformer to Imogbara and installation of 150 solar streetlights in Iperindo communities. 4. Sustainable Livelihood Restoration Programs (LRP) Provision of materials and equipment for the development and operation of vegetable farm, fish farm and cocoa rehabilitation programme for project affected persons (PAP's). These are provided in addition to compensation payments. By embedding sustainability and community development into its operations, SROL continues to foster long-term positive relationships with local communities while promoting economic and social well-being. The company remains committed to working collaboratively with all stakeholders to ensure a sustainable future for the company, Osun State and Nigeria's mining sector. About Thor Thor Explorations Ltd. is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. Thor holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria. Mining and production commenced at Segilola in 2021. Thor holds a 70% interest in the Douta Gold Project located in south-eastern Senegal. Thor trades on the TSX Venture Exchange under the symbol "THX". THOR EXPLORATIONS LawsonPresident & CEO For further information please contact: Thor Explorations LtdEmail: info@ Canaccord Genuity (Nominated Adviser & Broker)James Asensio / Henry Fitzgerald-O'Connor / Harry Rees Tel: +44 (0) 20 7523 8000 Hannam & Partners (Broker)Andrew Chubb / Matt Hasson / Nilesh Patel / Franck Nganou Tel: +44 (0) 20 7907 8500 BlytheRay (Financial PR)Tim Blythe / Megan Ray / Said IzagarenTel: +44 207 138 3204 Yellow Jersey PR (Financial PR)Charles Goodwin / Shivantha Thambirajah / Zara McKinlayTel: +44 (0) 20 3004 9512 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer to purchase securities. The securities to be offered in the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from such registration requirements. NOT FOR DISSEMINATION IN THE UNITED STATES OR FORDISTRIBUTION TO U.S. WIRE SERVICES To view the source version of this press release, please visit Sign in to access your portfolio
