NSDC-backed Oyo sugar factory enters test-running stage

The National Sugar Development Council (NSDC) has announced that the Oyo Sugar and Derivatives Industries Limited factory in Iseyin, Oyo State, has reached the test-running stage after over a decade of support. The 300-tonnes-per-day greenfield sugar mill was developed under the Nigeria Sugar Master Plan and is one of the new-build sugar factories from the plan's Backward Integration Programme.

The council funded the core 300 TCD sugar mill at a cost of approximately N1.64bn, with additional funding for cane development and operational support provided by the council, bringing its total financial commitment to around N2.2bn. The Oyo State Government contributed an estimated N850m in equity funding towards the completion of outstanding works.

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