Ogun Attracts $100 Million Initial Oil Plan Investment As PRESCO Plc Commences Operations
Ogun State has recorded another significant investment milestone as Presco PLC, one of Nigeria’s foremost integrated oil palm companies, has concluded plans to establish operations in the state with an initial investment of about $100 million, further affirming the confidence of local and international investors in the investment-friendly policies of the Prince Dapo Abiodun administration. The Group Chief Executive Officer of Presco PLC, Mr. Adewale Arikawe, disclosed this after a meeting with Governor Dapo Abiodun at the Governor’s Office, Oke-Mosan, Abeokuta, on Monday. Arikawe said Presco, a fully integrated oil palm company with operations spanning plantation development, processing, refining and the production of finished consumer products, chose Ogun State after a careful assessment of the state’s enabling business environment, strategic location, robust infrastructure and the deliberate policies of the present administration aimed at attracting and sustaining investments. Accord...