Governor Adeleke woos Global Investors in South Africa as Romulus Mining Pledges $150 Million Boost for Osun

Governor Ademola Adeleke has officially put Osun State on the global mining map, declaring the state “open for business” during a high-stakes investment forum in Cape Town, South Africa. Speaking at a dinner on the sidelines of the world-renowned Mining Indaba on Wednesday, the Governor unveiled a roadmap aimed at turning Osun’s vast solid mineral deposits into the state’s primary economic engine.

The Governor’s pitch yielded immediate results, as the prominent firm Romulus Mining committed to an ambitious $150 million investment expansion in the state over the next 36 months. Adeleke praised the company as a “responsible partner,” noting that their increased stake is a testament to the improved ease of doing business in Osun.

“We are not just a regulator; we are a committed partner,” Adeleke told an audience of international mining executives and diplomats. “From gold to lithium-bearing minerals like quartz and feldspar, Osun offers policy stability and a secure environment where your investments are protected by a strengthened security architecture.”

The “Adeleke Doctrine” for the sector moves beyond simple extraction. The Governor emphasized that any new partnership must include local processing plants to ensure that “Osun’s wealth creates Osun jobs.” To facilitate this, the state has already completed a massive geological resource mapping project, giving investors the rare advantage of reliable, data-driven insights before they even break ground.

With the Ooni of Ife and the Federal Minister of Solid Minerals, Dele Alake, standing in support, the Governor’s South African mission marks a turning point for the state. By streamlining approvals and offering “bankable” mineral data, Adeleke is betting that the 2026 fiscal year will be defined by a “gold rush” of legitimate, sustainable investment that finally moves Osun away from its over-reliance on federal allocations.