Oyo sugar factory reaches test-running stage after over a decade

The National Sugar Development Council (NSDC) has announced that the Oyo Sugar and Derivatives Industries Limited factory in Iseyin, Oyo State, has reached the commissioning and test-running stage after more than a decade. This milestone, which represents over a decade of financial, technical, and institutional support from the council, marks a significant achievement in Nigeria's sugar sector.

The 300-tonnes-per-day greenfield sugar mill was developed under the Nigeria Sugar Master Plan’s Backward Integration Programme, with the NSDC funding the procurement of the factory's core sugar mill at about N1.64bn and providing additional funding for cane development and operational support, bringing its total financial commitment to approximately N2.2bn.

The Oyo State Government contributed an estimated N850m in equity funding towards the completion of outstanding works.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.