Presco Plc, a Nigerian agro-industrial palm oil producer chaired by Rasheed Sarumi, is acquiring 10,000 hectares of land across the Nsadop and Boki plantations in Cross River State to expand production. The company said the purchase will increase output capacity and support domestic edible oil supply as Nigeria seeks to reduce reliance on imports.
Building supply at the source
Presco said the new estates will widen its plantation base and secure fresh fruit bunch supply for its mills and refineries. The company plans to integrate the plantations into its existing operations, raising processing volumes and improving efficiency across its value chain.
