The Oyo State Executive Council approved an N850-million investment into Oyo Sugarcane Processors Limited, Iseyin, through the State-owned Pacesetter Holdings Limited. The decision was among the key outcomes of the weekly executive council meeting held on Tuesday, reports Punch.
The state’s Commissioner for Information, Dotun Oyelade, and the Commissioner for Education, Science and Technology, Saliu Adelabu, provided details of the meeting during a briefing at the secretariat in Agodi, Ibadan.
According to the news report by The Punch, he explained, “The State Executive Council has approved N850 million as an investment in the Oyo Sugarcane Processors Limited, Iseyin, through the state-owned Pacesetter Holdings Limited. The sugar plant, currently valued at N4.9 billion, is 90% complete and is expected to be finished next year.”
