Company: Presco
Country: Nigeria
Sector: Food: Specialty/Candy
CEO: Reji George (Managing Director/CEO)
Website: https://www.presco-plc.com
Careers Page: https://www.presco-plc.com/contact-us/
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Obaretin Estate, Edo State, Nigeria
Founded: 1991 (Siat sa investment); origins trace to 1970s state oil-palm programme
Valuation/Revenue: $132.1m revenue; $511.5m market value (African Business Top 250, 2025)
Presco Plc is a fully integrated Nigerian oil palm and rubber agribusiness, cultivating plantations and operating palm oil milling, kernel crushing and vegetable oil refining facilities in Edo and Delta States. It is majority owned by Belgian agro-industrial group Siat and listed on the Nigerian Exchange.
What Does Presco Do?
Presco is described as the only fully vertically integrated oil palm operation in Nigeria, spanning cultivation, milling, kernel crushing and refining. Its origins trace back to a 1970s Bendel State government programme (with World Bank support) that developed the Obaretin Estate; Belgian agro-industrial group Siat took over management in 1991 with roughly 2,700 hectares and has since expanded the company’s holdings to nearly 26,500 planted hectares across Obaretin, Cowan (Delta State, from 1996) and Ologbo (Edo State, from 2002) estates. The company produces crude palm oil, palm kernel oil, refined vegetable oils and rubber.
Is Presco Legit?
Yes. Presco is a long-operating, NGX-listed agribusiness with decades of continuous plantation operations, audited financial statements and a majority strategic shareholder in Siat. In December 2025, Siat announced a further $100 million investment into Presco alongside Nigerian businessman Rasheed Sarumi, signalling continued confidence in the company’s growth trajectory.
How Big Is Presco?
According to African Business magazine’s Top 250 companies in Africa list for 2025, Presco generated revenue of approximately $132.1 million and carried a market value of about $511.5 million, ranking 190th among Africa’s largest companies. The company has reported strong recent momentum, with local press noting its asset base nearing $726 million as it continues expanding its plantation footprint.
Who Is the CEO of Presco?
Reji George became Managing Director/CEO of Presco effective June 7, 2024, bringing more than 30 years of plantation and farm management experience, including 18 years at Olam International where he helped establish one of Africa’s largest commercial rice farms in Nasarawa State, Nigeria.
Who Owns Presco?
Presco is majority owned by Siat (Société d’Investissement pour l’Agriculture Tropicale), a Belgian agro-industrial group with palm oil and rubber operations across several African countries, alongside Nigerian investors including businessman Rasheed Sarumi, with the remainder held by public shareholders on the NGX.
Is Presco Publicly Traded?
Yes. Presco Plc trades on the Nigerian Exchange and is one of the more actively followed agricultural stocks in the Nigerian market.
How Does Presco Compare to Its Competitors?
Presco’s chief domestic rival is Okomu Oil Palm Company, another NGX-listed, foreign-backed Nigerian palm oil producer; the two companies are frequently compared on plantation size, yield and profitability, with both benefiting from Nigeria’s protective palm oil import policies.
How Big Is Presco’s Workforce and Operations?
As of January 2024, Presco employed 9,078 people, comprising 1,054 permanent staff and 8,024 contract workers, reflecting the labour-intensive nature of tropical plantation agriculture. Its processing infrastructure includes a palm oil mill with 90 tonnes-per-hour capacity, a 500 tonnes-per-day refinery, a 500 tonnes-per-day fractionation plant, and a 350 tonnes-per-day palm kernel crushing plant — the combination of milling, refining, fractionation and crushing under one roof is what the company points to as making it Nigeria’s only fully vertically integrated oil palm producer, from plantation to finished, packaged vegetable oil products.
What Has Presco Been in the News For Recently?
In December 2025, majority shareholder Siat announced a further $100 million investment into Presco in partnership with Nigerian businessman Rasheed Sarumi, aimed at funding continued plantation expansion and processing capacity growth. Combined with the mid-2024 leadership transition to CEO Reji George, this signals an accelerating growth phase for the company as it seeks to capture more of Nigeria’s structurally undersupplied vegetable oil market.
How Do I Contact Presco?
Presco publishes contact details, including its Obaretin Estate head office address and investor relations channels, on the official company website; the “Directors & Officers” and “Investor Relations” sections of presco-plc.com are the company’s primary channels for shareholder and institutional enquiries, alongside its listing disclosures filed with the Nigerian Exchange.
Links
Website: https://www.presco-plc.com
Careers Page: https://www.presco-plc.com/contact-us/
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Presco a real company? Yes, it is an NGX-listed, fully integrated oil palm and rubber producer in Nigeria.
Who is the CEO of Presco? Reji George, Managing Director/CEO since June 2024.
Where is Presco headquartered? At Obaretin Estate, Edo State, Nigeria.
Is Presco publicly traded? Yes, on the Nigerian Exchange.
Who owns Presco? Belgian agro-industrial group Siat holds a majority stake, alongside Nigerian investors and public shareholders.
How does Presco compare to Okomu Oil? Both are leading NGX-listed Nigerian palm oil producers with foreign strategic backers and are frequently compared as sector peers.