Segilola Strengthens Osun Communities with Livelihood Restoration Programme

Segilola Resources Operating Limited (SROL), Nigeria’s first large-scale gold mining company and a subsidiary of Thor Explorations Ltd (Thor), has launched a new phase of its Livelihood Restoration Programme (LRP), reinforcing its commitment to delivering sustainable, long-term value to its host communities in Osun State.

The event, which took place at Iperindo Community New Town Hall, brought together community members, traditional leaders, and local stakeholders.

The distribution marked a significant step in Segilola’s ongoing efforts to promote sustainable agriculture, reduce environmental impact, and foster self-sufficiency within its host communities.

The Livelihood Restoration Programme (LRP), implemented alongside paid compensation for project-affected persons, is designed to strengthen economic resilience and promote environmentally responsible livelihoods. In 2023, Segilola Resources Operating Limited (SROL) commissioned key LRP initiatives in its host communities, including fish farms and vegetable farms, as part of its commitment to sustainable development. Building on this foundation, the latest phase of the programme focuses on two major agricultural interventions: oil palm high-yield seedling distribution and cocoa rehabilitation.

Speaking at the event, Engr. Sikiru Haruna, Senior Mining Engineer at Segilola Resources, stated, “The Livelihood Restoration Programme reflects our belief that development should go beyond compensation. It is about enabling local farmers to build stronger, more resilient futures through sustainable agricultural practices. Investing in initiatives like these lays the foundation for economic independence and environmental stewardship within our host communities.”

Also in attendance was Nurudeen Bello, Executive Secretary of the Office of Natural and Mineral Resources, representing Professor Lukmon Adekunle Jimoda, Chairman of MIPREMCO, Osun State Chapter. He applauded the initiative, signaling strong support and recognition of its value to the community.