NSDC-backed Oyo sugar factory enters test-running stage
The Oyo Sugar and Derivatives Industries Limited factory in Iseyin has reached its test-running stage after over N2.2bn in support from the NSDC. Read More: https://punchng.com/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 entered the test-running phase after over a decade of support. The 300-tonnes-per-day greenfield sugar mill was developed under the Nigeria Sugar Master Plan's Backward Integration Programme.
The NSDC, which funded the core 300 TCD sugar mill costing approximately N1.64 billion, committed a total of N2.2 billion to the project. The Oyo State Government contributed an estimated N850 million in equity funding. The factory's readiness for commissioning is attributed to the sustained commitment of the NSDC, the Oyo State Government, and the promoters.
Kamar Bakrin, Executive Secretary/CEO of the NSDC, stated that the factory's progress marks a proof that Nigeria's sugar sector can be built on locally grown cane.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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