Presco bags 2018 agric company award

A key player in the agricultural sector of the Nigerian Stock Exchange (NSE), Presco Plc, has emerged winner of the Agriculture Company of the year 2018.

At a ceremony at Eko Hotels in Lagos, the Board of Governors of Pearl Awards, organisers of the event, also announced the Managing Director of Presco Plc, Felix Nwabuko, as the Chief Executive Officer (CEO) of the year 2018.

Nominated alongside Presco Plc for the agric company of the year were Livestock Feeds Plc and Okomu Oil Palm Plc.

At the ceremony attended by top players in the Nigerian Capital market such as Acting Director General, SEC, Ms. Mary Uduk, President Association for the Advancement of the Rights of the Nigerian Shareholders, Chief Faruk Umar, President Nigeria Stock Exchange, Mr. Abimbola Ogunbanjo, Acting Executive Commissioner Operations, Securities and Exchange Commission, SEC, Mr Isyaku Tilde, among others, the Board of PEARL Awards commended Presco’s dedication, resilient and contributions to Nigeria’s economy.

Acting DG of SEC restated her commitment to pursue initiatives that would aid financial inclusion of Nigerians, adding that this was capable of growing the nation’s economy.

Uduk said that the SEC would continue to highlight and promote developments and trends in the Nigerian capital market and drive financial inclusion aimed at reducing adult exclusion from financial services.

She said: “Innovations in financial technology, has made possible the potential of using digital tools to make financial services available to a wider range of consumers and enterprises, promoting financial inclusion and the affordability of financial services.

“A financially inclusive society will provide increased access to finance, especially for women, help support sustainable growth—and will create million more jobs. The gains of having a more inclusive financial system are enormous, as it helps broaden financial markets and make policies more effective.”