NSDC's Kamar Bakrin Announces New Sugar Factory in Oyo

The Executive Secretary and Chief Executive Officer of the National Sugar Development Council (NSDC), Kamar Bakrin, announced the commissioning of a 300-tons-per-day sugar factory in Iseyin, Oyo. This milestone is the result of over a decade of financial, technical, and institutional support from the NSDC under the Nigeria Sugar Master Plan (NSMP).

The factory, developed under the NSMP’s Backward Integration Programme, transitioned from a cooperative farming initiative to an operational industrial facility. The NSDC financed the procurement of the factory’s core sugar mill at a cost of approximately ₦1.64 billion, with total financial commitments expected to reach around ₦2.2 billion, including ongoing support for sugarcane development.

The Oyo State Government contributed an estimated ₦850 million in equity funding for the project. Bakrin commended the collaboration among the NSDC, Oyo State Government, project promoters, and local farming communities, emphasizing that the NSDC will continue to support OSDL as it moves into full-scale commercial production.