The Managing Director of Presco Plc, Mr. Felix Nwabuko has emerged winner of the 2018 Achiever in Agriculture award.
Receiving the award, at a colourful ceremony, in Abuja, on Tuesday night, Nwabuko Predicted Sustained Growth in the sector across the country.
He also used the opportunity to commend 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 that “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 Muhamadu Buhari and Osun State Governor, Rauf Aregbesola were honoured in absentia on Tuesday during the award ceremony with special policy award and pillar of agriculture respectively, among others.
The Nigeria Agriculture Award (NAA) is put together by AgroNigeria for recognition 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.
–Photo Caption: L-R: The Managing Director of Presco Plc, Mr. Felix Nwabuko, receiving the award from Prof, E. Iyayi
