Ogun attracts $100 million initial oil palm investment as PRESCO PLC commences operations 

Ogun State has recorded different important concern milestone arsenic Presco PLC, 1 of Nigeria’s foremost integrated lipid thenar companies, has concluded plans to found operations successful the authorities with an archetypal concern of astir $100 million, further affirming the assurance of section and planetary investors successful the investment-friendly policies of the Prince Dapo Abiodun administration.

The Group Chief Executive Officer of Presco PLC, Mr. Adewale Arikawe, disclosed this aft a gathering with Governor Dapo Abiodun astatine the Governor’s Office, Oke-Mosan, Abeokuta, on Monday.

Arikawe said Presco, a afloat integrated lipid thenar institution with operations spanning plantation development, processing, refining and the accumulation of finished user products, chose Ogun State aft a cautious appraisal of the state’s enabling concern environment, strategical location, robust infrastructure and the deliberate policies of the contiguous medication aimed astatine attracting and sustaining investments.

According to him, the company’s concern is expected to enactment the state’s cultivation translation agenda, make thousands of nonstop and indirect employment opportunities, stimulate economical gro...