The National Sugar Development Council (NSDC) has congratulated Oyo Sugar and Derivatives Industries Limited (OSDL) on reaching the commissioning and test-running stage of its sugar factory in Iseyin, Oyo State.
The 300 tonnes-per-day sugar mill was developed under the Nigeria Sugar Master Plan’s Backward Integration Programme and is among the few greenfield sugar projects to reach operational readiness under the initiative.
According to the Council, the project represents the culmination of more than a decade of financial, technical and institutional support.
The factory originated as a cooperative farming venture and has grown into an operational sugar-processing facility serving farming communities in the area.
NSDC said it funded the procurement of the factory’s core 300 TCD sugar mill at a cost of about ₦1.64 billion.
The Council subsequently provided additional support for cane development and operations, bringing its total financial commitment to approximately ₦2.2 billion.
The Oyo State Government also contributed an estimated ₦850 million in equity funding towards completion of outstanding project works.
Speaking on the milestone, NSDC Executive Secretary and Chief Executive Officer, Kamar Bakrin, said the factory’s readiness for commissioning reflected the sustained commitment of the Council, the Oyo State Government and the project’s promoters.
He said the Council would remain engaged as OSDL moves towards full-scale commercial production, adding that the project demonstrates the potential for building Nigeria’s sugar industry on locally grown sugarcane.
The National Sugar Development Council is the federal agency responsible for the development and regulation of Nigeria’s sugar industry and for implementing the Nigeria Sugar Master Plan aimed at increasing domestic sugar production and reducing import dependence.
