Presco Plc Expands Market Leadership with 10,000-Hectare Acquisition in Nigeria

Presco Plc has acquired 10,000 hectares of land in Nsadop Boki plantation in Cross River State, Nigeria, marking a major milestone in the company's expansion strategy. The acquisition aims to expand Presco's product footprint, meet growing domestic demand for edible oil products, and enhance its agronomic potential.

The move is part of the company's commitment to accelerating plantation expansion and securing a long-term supply in Nigeria's agribusiness sector. Managing Director and CEO Reji George emphasized the strategic importance of the acquisition in positioning Presco for future growth.