Presco Secures $100m FDI to Accelerate Expansion in Edo state Agro-industrial Projects.
On December 1, 2025, Presco PLC confirmed a landmark injection of US$100 million Foreign Direct Investment (FDI) from Belgian agro-industrial firm SIAT NV — the first tranche of a broader US$1 billion capital commitment aimed at scaling agricultural operations across Nigeria over the coming decade.
The new capital will be used to expand Presco’s production capacity, broaden its oil-palm plantations, and deepen value-added processing.
The investment will also support technology upgrades and workforce development, reinforcing Nigeria’s position as a competitive producer in edible oils and specialty fats.
According to the company’s Chairman, this commitment reflects confidence in Nigeria’s reform trajectory and the conducive investment climate in Edo State.
The State government, led by Monday Okpebholo, has pledged strong support for Presco’s expansion, reaffirming Edo’s status as a prime destination for agricultural investment.
Observers expect the move to deliver significant economic benefits for the state — including the creation of thousands of jobs, increased economic output, and strengthened industrial capacity.
As one of Nigeria’s largest integrated palm-oil producers, Presco’s expansion will bolster national efforts toward import substitution, enhance food security, and stimulate rural development.
In sum, the US$100 million FDI marks a major milestone for Presco PLC and Edo State at large — setting the stage for accelerated agro-industrial growth, value-addition, and long-term socio-economic impact across the region.
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