A former Edo State Commissioner for Information in Edo state, under ex-governor Godwin Obaseki, Mr. Chris Osa Nehikhare, has applauded Governor Monday Okpebholo for securing a fresh $100 million investment from SIAT into Presco PLC, describing it as a major boost for Edo’s agricultural and economic landscape.
Nehikhare, who also once served as Publicity Secretary of the PDP, said the new investment confirms Edo State’s rising profile as one of Nigeria’s most attractive destinations for agribusiness and long-term capital.
According to a release titled: “Critique: A $100m investment- Good news built on a foundation laid before” and circulated on social media, Nehikhare said, “let us be clear: the newly announced $100m SIAT investment into Presco PLC is a welcome development. Any credible investment that expands jobs and strengthens our agricultural base must be applauded”.
He noted that Presco and its parent company, SIAT, have long believed in Edo’s potential, but commended Governor Okpebholo for continuing to build investor confidence, maintaining policy stability, and strengthening the foundations that allow major companies to expand.
According to him, the $100 million injection is one of the largest single agric-sector investments in Nigeria this year and that this demonstrates the state’s growing appeal under a government that prioritizes agriculture, food security and an enabling business environment.
He said every investment that creates jobs, supports communities, and expands our agricultural capacity is good news for Edo people, adding that this new SIAT commitment is further proof that Edo remains open for business under Governor Okpebholo’s leadership.
He added that the administration’s openness to engagement, willingness to address issues directly, and deliberate efforts to reassure the private sector are helping sustain the confidence of investors already operating in the state.
Nehikhare also emphasized the importance of continuity, noting that stable governance across administrations creates the environment where long-term investments such as Presco’s can thrive.
He said investors succeed where policies remain consistent and government provides clarity, protection, and encouragement and Governor Okpebholo has continued in that direction, and Edo state is benefitting.
He urged the state government to sustain its support for both new and existing investors, adding that companies already operating in Edo form the backbone of the state’s economy and deserve continued attention and reassurance.
He noted that with the right support, those who have kept faith with Edo will grow even stronger and new investors will naturally follow.
Nehikhare congratulated Presco PLC and SIAT on the expansion, praising the development as a win for Edo State, a win for the private sector, and a reaffirmation of the state’s position as a leading hub for agricultural investment in Nigeria.
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