Edo State has secured a $100 million foreign direct investment from Presco PLC, a company supported by its parent company SIAT, to significantly boost the state’s agro-industrial development and drive food security initiatives. Governor Monday Okpebholo praised Presco as a key partner and noted his administration’s commitment to agriculture by dramatically increasing the sector’s budget from N5 billion to N70 billion. Presco’s Chairman, Rasheed Sarumi, credited Edo State’s stable governance, improved security, and enabling environment as the reasons for the landmark investment, which is expected to reinforce the state’s position as a hub for Nigeria’s agro-industrial revolution.

Source: Nature News