Governor Adeleke receives foreign investors in Energy, Solar mini grids, others into Osun State

…says Free Trade Zone is back

www.osunstate.gov.ng

The Executive Governor of Osun State, Sen. Ademola Jackson Nurudeen Adeleke has on Tuesday welcomed Chinese foreign technical delegation led by Carbon54 Limited to further deepen his industrialisation drive in the State.

The Governor also assured the people of Osun State that the Free Trade Zone, which has been abandoned for years, will soon be resuscitated by his administration.

Carbon54 Limited has concluded arrangements to invest in exploration, extraction, processing and supply chain management (export) of new energy metals including hard rock lithium (spodumene), in Osun State.

The investors are seeking to secure exploration and mining licenses for lithium deposits across the State and are also planning to attract further foreign investment and collaboration in the State by setting up solar mini grids and Energy Storage Systems (ESS) to power industrial development in Osun State.

Presenting the investors to the Governor, the Commissioner for Commerce and Industry, Rev. Bunmi Jenyo explained that Carbon54 and their foreign technical partners partner’s objective is to boost Osun State Internally Generated Revenue (IGR) and create jobs by driving the State’s economic diversification, boosting energy capacity and industrialisation transition through extensive lithium ore extraction, processing of lithium concentrate, lithium exports, solar mini grids for power generation, Energy Storage Systems (ESS), solar portable power generators and charging stations for SMEs as Osun State continues to cushion the energy transition post fuel subsidy removal.

He emphasised that other states within the federation wanted to hijack the Chinese investors but for the tenacity of the governor, who assured the partners that Osun State is strategically positioned to become the new hub of industrial manufacturing activity in Nigeria due to its solid mineral resources, human intellectual capital, the existing power infrastructure and business enabling environment policies enacted by the Governor’s Administration.

Carbon54 Limited will be attracting foreign investment and technical partners to upgrade the Living Spring Free Trade Zone to a Sustainable Green Economic Zone through a PPP vessel. The Free Trade Zone will serve as the new hub of industrialisation in Nigeria powered by clean energy while accommodating solid mineral treatment and refinery facilities, battery and electronic manufacturing facilities, assembly plants for automobiles, buses and solar generators, agro-allied industries, food processing and preservation facilities, textile manufacturing factories amongst others.

While speaking, Mrs Zheng who expressed her happiness also reassured the governor of their readiness to provide technical expertise and support of their company towards Osun State’s industrial drive in the areas of lithium value chain, battery technology, renewable energy, Energy Storage Systems (ESS), Smart hardware, intelligent manufacturing (Automation), Industrial Internet to boost the digital economy, technology transfer, and skills acquisition and training initiatives at the Technology Incubation Centre located at the Living Spring Free Trade Zone.

This by implications, will boost the economic profile of the state and create jobs and improve technical competence of youths in the state.

Earlier, the Commissioner for Commerce and Industry, Rev. Jenyo had taken the Carbon54 led delegation around the Free Trade Zone, Ede and the Central Power Station, Powerline, Osogbo for on-site assessment of the area and facilities.

Receiving the Commissioner and his team in his office, the Principal Manager Transmission, Engr. Lade S. O. A. also assured the investors of the enabling environment, human and natural resources and peace in the state as the cardinal principles of business growth and genuine industrialisation.

The President, Osun State Chambers of Commerce, mines and agriculture, Dr. Olu Olujide who recognized the governor as a lover of local content, urged his administration to promote investment in palm oil and palm kernel oil processing, rice milling, animal feed milling and cassava processing.

According to him “the Osun Trade Fair is one of the sustainable platforms to promote economic development of Osun State. The 2023 edition scheduled to hold between Thursday 16th to Tuesday 28th November 2023 is indeed a trade promotion platform which goes in line with Osun Government policy of promoting Trade Investments in the state”.

“The fair will showcase the abundance of Osun agricultural products with value chain, plenthora of mineral resources, and general goods and services produced in the state”, Dr. Olujide stated.

The delegation of the foreign investors include the former Deputy Head of Mission at the Nigerian Embassy in Beijing, Ambassador Ademola Oladele, Managing Director of Carbon54 Limited, Prince Ademola J. Oladele, Mrs Alice Zheng and Mr. Daniel Yang.