The Director-General of Oyo State Agribusiness Development Agency (OYSADA) and Executive Adviser to Governor Seyi Makinde on Agribusiness and International Cooperation Development, Dr. Debo Akande DBA CMGR FCMI, has described the Oyo Sugar and Derivatives Industries Limited, Iseyin, as a strategic private sector-led, public sector-supported investment that will significantly boost agro-industrial development, employment generation and economic growth in Oyo State.
According to Dr. Akande, the sugar processing facility represents another successful outcome of OYSADA’s deliberate efforts to attract large-scale private investments into the Agricultural sector and strengthen value addition across key commodity value chains.
He noted that upon completion, the factory is expected to produce between 24 and 27 tonnes of brown sugar daily, alongside 18 tonnes of molasses per day, positioning Oyo State as an emerging hub for sugar processing and agro-industrial production in Nigeria.
Dr. Akande further disclosed that the project will create about 500 direct jobs, while providing a reliable market for sugarcane farmers through a strengthened offtake system that will stimulate increased production and improve rural livelihoods.
The OYSADA Director-General emphasized that critical infrastructure investments by the administration of Governor Seyi Makinde have played a vital role in supporting the success of the project. He cited the 65-kilometre Moniya–Ijaiye–Iseyin Road, which has improved the movement of goods and services, as well as the ongoing construction of the 76.67-kilometre Iseyin–Fapote–Ogbomoso Road, which will further facilitate sugarcane transportation and sustain raw material supply from farmers in the Ogbomoso axis.
Dr. Akande stated that the investment demonstrates how strategic collaboration between government and the private sector can drive industrialization, create jobs, increase Agricultural productivity and accelerate economic transformation.
He reaffirmed OYSADA’s commitment to attracting more Agribusiness investments that will translate into sustainable production, employment opportunities, value addition and shared prosperity for the people of Oyo State.
