Edo State is set to receive a 100 million foreign investment as Belgian agro-industrial group SIAT NV injects fresh capital into Presco Plc, Nigerias largest fully integrated agro-industrial palm processor, chaired by Rasheed Sarumi. The funding is part of a broader 1 billion plan to expand operations across the country over the next decade.
The first tranche will scale Prescos production, expand plantations, and enhance value-added processing, the company said Monday. It will also fund technology upgrades and workforce development, reinforcing Nigerias position in the regional edible oils and specialty fats market.
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