The federal government says it is committed to using the sugar master plan to reduce poverty and unemployment in the country.
The executive secretary, National Sugar Development Council, Zacch Adedeji made that known during the groundbreaking ceremony of 300 billion naira sugar Plantation and mill in Iseyin, Oyo state.
The sugar sector is an essential sector that has significantly contributed to Nigeria’s GDP in the past decades.
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According to reports, despite the government’s efforts to boost local production of sugar and claims by some private investors to have
substantially invested in the industry, the nation has relied on about 98 percent importation of raw sugar for the last three decades while Nigeria produced up to 41 478 metric tons of sugar in 1990.
The figure fell drastically to 38 597 metric tons in 2019.
Now, to change this narrative, the federal government alongside the government of Oyo state are commissioning a sugar Plantation and mill cited along the Iseyin-Ogbomoso road.
The Oyo state Governor who was represented by his Deputy, Barrister Adebayo Abdul-raheem Lawal promised to ensure good roads that will attract investors.
Barrister Adebayo Abdul-raheem Lawal, said that the Oyo state government has a vision and mission, highlighting the fact that one of its main campaign promises was to guarantee the development of the state’s infrastructure.
He asserted that Iseyin has developed into a modern town that will always be attractive to many industrialists, just as the Sobitol factory was also established in Iseyin as a result of the availability of virgin land in Oke-Ogun, stressing that the establishment of the company will also have a significant impact on the state’s economy.
The project when fully completed will improve the socio-economic development of Oyo State through poverty reduction and employment creation.
