Presco, led by Nigerian tycoon Rasheed Sarumi, adds 10,000 hectares
Billionaires Africa | 14.12.2025 19:02
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.
