ONDIPA Reveals Plans for Ondo Bitumen Deposit 



The Ondo State Development and Investment Promotion Agency (ONDIPA), has expressed its determination to drive to a success, government vision of using bitumen to turn around the economy.

The agency, which was created in August 2017, is the initiative of Arakunrin Oluwarotimi Akeredolu, SAN to promote and coordinate investments and multilateral corporations in line with global best practices to ensure seamless integration of potential investors, development partners and investments into the growth and development of the State economy.

A director in the agency Femi Akarakiri dropped the hint in a chat with the State Radio -Orange FM  that bitumen was key to the state which is why the state government is fully committed to it’s full exploration.

He assured that the project would be well managed in view of the enormous economic opportunities it will provide for the people of the State.

Akarakiri who doubles as the Senior Special Assistant to Governor Oluwarotimi Akeredolu on Energy Resources, said a lot of background work is ongoing, to ensure field work commences middle of next year.

He assured that government is also involved the economic development of the affected communities such that it is well planned in line with global best practices.

Diversification of the State’s economy from civil servants driven to industrialized economy has been the focal point of the Akeredolu’s Administration since assumption of office on 24th February 2017.

The Lead is an online newspaper that offers the readers the best of news as they break all over the world, presenting the news and analysis from the human-interest angle. We give human face to every news and report.