Edo Governor Secures $100M Investment in Agriculture from Presco Plc

Edo State Governor Mondai Okpebholo reassured Presco Plc (NGX: PRESCO) of the state's commitment to agriculture and investment, welcoming a fresh $100 million foreign direct investment from SIAT, its parent company. The governor dismissed concerns over land review as technical, not politically motivated, emphasizing dialogue to address issues.

The increase in the agriculture budget to N5 billion signals a push for food security and agro-industrial growth. Chairman Rashe Sarumi commended the state government's efforts, highlighting the $100 million investment as a significant milestone for Edo State and Nigeria's economy.