Nigeria Will Soon Regain Global Palm Oil Status — PRESCO Chief
If the Federal Government’s strategy to partner the private sector as parts of its youths engagement initiative to cultivate no fewer than one million hectares of oil palm succeeds, the country would regain its number one position as the major producer and supplier of palm oil in the world.
Chairman of Presco Plc, Pierre Vandebeeck stated this during the 26th Annual General Meeting, AGM, of the company’s shareholders to review its operations for the year 2018, noting that the management of the company had proposed N2 billion to be shared as dividends by the shareholders.
Vandebeeck however, said the year under review was a difficult one, especially with abuse by several persons of the ECOWAS Trade Liberalisation Scheme, ETLS, but that the company was able to weather the storm and kept afloat.
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