Governor Monday Okpebholo walked back the drama around yanking Presco's land after the palm oil company got slapped with a revocation notice for 13,545 hectares last week. The governor met with chairman Rasheed Sarumi and managing director Raji George at Government House in Benin City, and he basically said the whole thing got blown out of proportion by people trying to make it political. He mentioned the revocation had something to do with natural resources on the property, but he's not trying to chase investors away since he runs businesses himself.
Okpebholo pumped up the agriculture budget from 5 billion naira to 70 billion after taking office, and he wants Edo to be the agro-industrial hub. Sarumi pointed out that SIAT just dropped 100 million dollars into Presco, which is a massive chunk of the 250 million in foreign direct investment Nigeria pulled this year.
Okpebholo pumped up the agriculture budget from 5 billion naira to 70 billion after taking office, and he wants Edo to be the agro-industrial hub. Sarumi pointed out that SIAT just dropped 100 million dollars into Presco, which is a massive chunk of the 250 million in foreign direct investment Nigeria pulled this year.
