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NSDC invests ₦2.2 billion in Oyo Sugar Factory to support commercial production and reduce Nigeria's sugar imports.
Amount Raised
₦2.2 Billion
Round Type
Venture
Oyo StateManufacturingFood and BeverageAgriculture and FarmingInvestors
Description
The National Sugar Development Council (NSDC) has invested approximately ₦2.2 billion in Oyo Sugar and Derivatives Industries Limited (OSDL) in Iseyin, Oyo State. The initial investment of ₦1.64 billion covered procurement of the factory's core sugar mill, with additional funding for sugarcane development and operational support. The Oyo State Government also contributed ₦850 million in equity funding. The 300-tonnes-per-day facility is advancing toward commercial production under the Nigeria Sugar Master Plan.
Fundz sees it the moment Oyo Sugar and Derivatives Industries Limited (OSDL) raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Oyo Sugar and Derivatives Industries Limited (OSDL) raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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