Nigeria

This local production is expected to reduce import dependency, accelerate supply response times, and foster job creation in Lagos and surrounding areas.

The launch coincides with the company’s celebration of eight years of innovation.

The three-year project seeks to reduce greenhouse gas (GHG) emissions, particularly methane, from rice cultivation.

These acquisitions are expected to increase Presco’s total plantation size by 37%, expanding its footprint from approximately 43,547 hectares to 59,760 hectares.

This growth was driven entirely by sales of crude and refined palm oil products.