By: Lauretta Fagbohun, Abeokuta.
Ogun State has recorded another major investment milestone as Presco Plc, one of Nigeria’s leading integrated oil palm companies, concluded plans to establish operations in the state with an initial investment estimated at $100 million.
The development is being hailed as a significant endorsement of the investment-friendly policies of Governor Dapo Abiodun’s administration, which has consistently positioned Ogun as one of Nigeria’s most attractive destinations for local and foreign investors.
According to the Ogun State Government, the Presco investment is expected to drive the state’s agricultural transformation agenda by expanding commercial oil palm production and strengthening agro-industrial development.
The project is also projected to generate thousands of direct and indirect employment opportunities for residents, stimulate economic activities across the agricultural value chain, and enhance food security in the state.
In addition, the investment is expected to boost Ogun State’s internally generated revenue while reinforcing its status as a preferred destination for large-scale investments across critical sectors of the economy.
The government noted that Presco’s decision to invest in Ogun reflects the growing confidence of investors in the state’s conducive business environment, supported by strategic reforms, improved infrastructure, and policies designed to encourage enterprise growth.
Governor Dapo Abiodun reaffirmed his administration’s commitment to attracting sustainable investments capable of diversifying the state’s economy and improving the livelihoods of its people. He stressed that the government would continue to create an enabling environment where businesses can thrive.
The governor added that under his administration’s Building Our Future Together agenda, every strategic investment strengthens Ogun’s journey toward becoming Nigeria’s foremost industrial, agricultural, and economic hub while delivering lasting prosperity for its citizens.
