Presco PLC Expands in Nigeria and Ghana to Meet Growing Demand for Palm Oil

Presco PLC (NGX: PRESCO), Nigeria's largest oil palm producer, has acquired 10,000 hectares across Nsadop and Boki plantations in Cross River State as part of its expansion strategy. The acquisition, valued at $171.6 million, includes the Ghana Oil Palm Development Company (GOPDC) and Saro Oil Palm Limited.

This strategic move is expected to enhance Presco's production capacity, strengthen its leadership position, and secure a long-term supply chain. The company's focus on sustainable agriculture and community development is highlighted through its commitment to responsible land stewardship and social investment frameworks.