“Agriculture Achiever” The Managing Director of Presco Plc, Mr. Felix Nwabuko has emerged winner of the 2018 ‘Achiever in Agriculture’ award.
Receiving the award at a ceremony in Abuja not too long ago, Nwabuko projected sustained progress for the agricultural sector.
He additionally used the chance to commend numerous policies put in place by the federal government.
Nwabuko mentioned, “Agriculture has at all times been with us. Agriculture is at all times with us and agriculture will at all times stay with us.”
He suggested stakeholders to have a good time initiatives, saying, “we are going to see extra progress within the sector.”
Nwabuko devoted the award to all stakeholders and the expansion of Agriculture in Nigeria.
The organisers recommended Presco Plc for setting up “time examined insurance policies” and for guaranteeing progress and profitability.
For the year ended December 31, 2017, Presco Plc not too long ago informed shareholders that the corporate witnessed one other year of serious income progress, from N15 billion in 2016, to N22.3 billion in 2017. This represented a 42.3 per cent progress.(Agriculture Achiever)
Additionally, throughout the interval under overview, its revenue after tax rose to N25.40 billion, as in opposition to the N21.74 billion recorded in 2016, whereas turnover stood at N22.3 billion, as in opposition to the N15.7 billion recorded the earlier year.
The event prompted the company to reward shareholders with whole dividend payout of N2 billion.
On the award ceremony additionally, President Muhamadu Buhari and Osun State Governor, Rauf Aregbesola had been honoured with special policy award and pillar of agriculture respectively.
The Nigeria Agriculture Award (NAA) is put collectively by AgroNigeria for recognition and celebration of agriculture stakeholders who’ve contributed to the expansion of the sector.
Talking on the occasion, Chief Executive Officer, AgroNigeria, Richard-Mark Mbaram, recommended all stakeholders for their contributions to the event of agriculture, including that there was need to do extra.