Ondo Sets to Begin Bitumen ExploitationThe Ondo state government may have recorded a major breakthrough in its quest for economic stability as arrangements have begun for the exploitation of its Bitumen, being one of the Mineral resources the state has in commercial quantity. He said government has before now signed a Memorandum of Understanding with an American company, Liquefied Resources and its also expected to sign a Joint Operating Agreement with the same outfit for the immediate exploitation of Bitumen which the state has in large deposit on locations that stretches across Ondo -Edo and Ondo -Ogun boundaries . As part of the visit, the officials would visit the proposed sites and also set a date for takeoff of the proposed Bitumen extraction and upgrading plant. The government’s spokesperson described the operation as very expensive and more demanding than exploiting oil, but mentioned however that Liquefied Resources are capable of handling it, especially with the availability of new technology at its disposal to handle such project. Emphasising on the capability of government to solve youth unemployment challenge through the Bitumen exploitation project as well as its ongoing job creation initiatives through Agriculture, Akinmade offered, that the Ondo Bitumen comes up with accompanying crude oil which will in no small measure affect the economy of the state positively.