By Faridat Salifu
Edo State government has secured a $100 million investment from Presco PLC to facilitate the agro-industrial development of the state.
Expressing delight at the investment, Governor Monday Okpebholo, described Edo as a top destination for agricultural investment.
He spoke in Benin recently when Presco announced a $100 million FDI by SIAT and its parent company, a landmark investment in Nigeria’s agricultural sector.
Okpebholo praised Presco as a long-standing partner and dismissed recent land-related controversies, emphasizing dialogue over speculation.
The governor also highlighted his administration’s increased agriculture budget from N5 billion to N70 billion, signaling determination to drive food security and agro-industrial growth.
Presco Chairman Rasheed Sarumi credited Edo’s stable governance, improved security, and enabling environment for encouraging the investment, which significantly boosts Nigeria’s $250 million FDI inflow this year.
Officials at the meeting included Deputy Governor Dennis Idahosa, SSG Umar Musa Ikhilo, Chief of Staff Mallam Gani Audu, and Commissioner for Agriculture, Dr. Jerry Uwangue.
The investment is expected to reinforce Edo State’s position as the centre of Nigeria’s agro-industrial revolution.
