Presco is putting $100 million into Ogun State. And almost nobody is talking about it.
Nigeria's biggest integrated palm oil company is building new plantations, processing plants, refining capacity and consumer products. Total investment could reach $200 million, with thousands of jobs riding on it.
This comes right after their Belgian shareholder injected a fresh $100 million into the company. Foreign money is quietly doubling down on Nigerian agriculture while the timeline argues about other things.
Here's the part that should sting a little. The oil palm is native to our soil. Nigeria was once the world's largest producer. Malaysia built an empire on seedlings that traced back to West Africa, and we became importers of our own crop.
Companies like Presco are slowly taking that conversation seriously again. Edo. Delta. Now Ogun.
And for investors paying attention, palm oil remains the quietest aristocracy on the NGX. Presco and Okomu have outperformed almost everything for years while nobody posts them.
The loudest sectors get the tweets. The quiet ones keep paying.