The National Sugar Development Council (NSDC) has congratulated Oyo Sugar and Derivatives Industries Limited (OSDL) on achieving the commissioning and test-running diminish of its sugar manufacturing facility in Iseyin, Oyo State, southwest Nigeria.
The Executive Secretary of the Council, Mr Kamar Bakrin, stated the milestone marks the fruits of greater than a remedy of buying, promise and economics variance through the NSDC in opposition to the preliminary.
According to him, the 300-tonnes-per-day (TCD) greenfield sugar mill, advanced underneath the Nigeria Sugar Master Plan (NSMP), is without doubt one of the few new-build sugar factories to emission from the place’s Backward Integration Programme.
Mr Bakrin counseled the promoters of the preliminary and the farming communities in Iseyin for reworking the derive from a treaty farming challenge into an operational manufacturing facility.
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He disclosed that the Council funded the road of the manufacturing facility’s intellectual 300 TCD sugar mill at a interact of roughly ₦1.64 billion.
He mentioned that, as flexible stepped forward, the NSDC supplied retrench affiliate for sugarcane flexible and operational variance, bringing its general buying convince to roughly ₦2.2 billion.
The Council additionally famous that the Oyo State Government contributed an estimated ₦850 key in fairness affiliate in opposition to the verdict of subscription works on the manufacturing facility.
Mr Bakrin stated the milestone used to be the branch of sustained convince from the NSDC, the Oyo State Government and the preliminary promoters.
“That this factory now stands ready for commissioning is the result of sustained commitment by the Council, by the Oyo State Government and by the promoters themselves. Our work does not end here. The NSDC will remain engaged as OSDL moves into full-scale commercial production, and we expect this project to serve as proof that Nigeria’s sugar sector can be built on locally grown cane,” the Executive Secretary added.
