Presco MD, Nwabuko wins award

The Managing Director of Presco Plc., Mr. Felix Nwabuko has emerged winner of the 2018 Achiever in Agriculture award.

Receiving the award in Abuja, Nwabuko predicted sustained growth in the sector across the country.

He also commended various policies put in place by the Federal Government.

Nwabuko said: “Agriculture has always been with us. Agriculture is always with us and Agriculture will always remain with us.”

He advised stakeholders to celebrate initiatives, adding “we will see more growth in the sector.”

Nwabuko dedicated the award to all stakeholders and the growth of agriculture in Nigeria.

The organisers commended Presco Plc. for putting in place “time tested policies” and for ensuring growth and profitability.

For the year ended December 31, 2017, Presco Plc. recently informed shareholders that the company witnessed another year of significant revenue growth from N15Billion in 2016 to N22.3Billion in 2017, representing 42.3 per cent growth.

Also within the period under review, profit after tax was N25.40billion as against N21.74billion in 2016 while turnover stood at N22.3billion as against 15.7billion in the previous year.

The development prompted the company to reward shareholders with N2billion.

President Muhammadu Buhari and Osun State Governor, Rauf Aregbesola were honoured in absentia during the award ceremony with special policy award and pillar of agriculture respectively, among others.

AgroNigeria organizes the Nigeria Agriculture Award (NAA) to recognise and celebration of agriculture stakeholders who have contributed to the growth of the sector.

Speaking at the event, Chief Executive Officer, AgroNigeria, Richard-Mark Mbaram, commended all stakeholders for their contributions to the development of Agriculture, adding that there is need to do more.