Social commitment
Community Relations
The company, guided by its Host Community Policy, continues with several community development projects as a practical demonstration of the spirit of partnership with and goodwill towards the people in the host communities.
Such projects include the Presco Scholarship Scheme under which twelve students from host communities at Cowan, Obaretin and Ologbo each receive NGN100,000 as annual scholarship grant. Also water pumps and boreholes are actively maintained in 11 villages. Other projects includes assistance to primary and secondary schools, maintenance of roads, provision of electricity in host communities and the offer of employment to indigenes of host communities.
In year 2000 the electrification of Agbomoba village in Ikpoba-Okha Local Government Area of Edo State was completed with assistance from Presco. Obagie and Uroho communities were also connected to the National electricity grid in 2009, Ekosa and Owanoba communities were provided with electricity solely financed by Presco Plc, Ogbekpen community electrification project which started in 2016, also solely financed by Presco Plc will soon be commissioned.
Annually Presco provides several university and polytechnic students with industrial training and research placements as well as giving opportunities under the National Youth Service Corps programme.
Agbomoba School Project
Presco designed and built a model primary school for the children of Agbomoba and neighbouring villages in Ikpoba-Okha Local Government Area. The project was carried out by Presco with co-financing from the Edo State Government. The school consists of three blocks of six fully furnished and electrified classrooms facilities, headmaster's office, teachers’ office, store, library, borehole and toilets. Junior secondary school blocks with labs and science blocks have also been built to provide access to Secondary education for pupils who pass out from the primary school. The school has the best equipped Science and Home Economics laboratory among public secondary schools in Ikpoba Okha local government area of Edo state.
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Outgrowers' Scheme
In order to spread its economic impact in areas of operation, Presco initiated an outgrowers’ scheme, which was co-financed by the Edo State Government. Under this scheme which initially enjoyed the financial support of the Edo State Government, farmers are provided with high yielding planting materials, fertilizer, technical supervision and ready market for their fresh fruit bunches. At the end of 2008, 167 farmers were involved in the schemes with 365 hectares planted.
In 2007 Presco commenced the outgrowers' scheme for farmers around its Cowan Estate in Delta State, under which 24 farmers were assisted to plant 50 hectares.
Employee Involvement and Staff Training
Presco maintains regular communication and consultation with the branch union leaders to brief employees on matters affecting them. On-the-job training facilities are provided for all categories of employees with a view to improving their performance, job satisfaction and prospects. External training programs are also undertaken as appropriate.
Awards and Recognitions
In recognition of the company’s Human Resource Development programs and outstanding contributions thereto, Presco won the Industrial Training Fund's 2000 Award as the best training organisation in Edo and Delta States. Other awards include the Nigerian Stock Exchange (NSE) Annual President's Merit Award 2007; Manufacturers Association of Nigeria (MAN) Chairman's Award for Community Development Excellence among companies in Edo and Delta States of Nigeria, 2008; Nigerian Union of Journalist (NUJ), Edo State Chapter Award for remarkable contribution to the development of agriculture and for good Corporate Social Responsibility (CSR) programmes, 2010; Institute for Government Research & Leadership Technology’s Best Oil Palm Development & Extraction Company Award, 2012. Others include The Achievers in Agriculture Award (2015), Pearl Awards for Sectorial leadership in Agriculture (2015) Award for highest Dividend Growth, NAA (Nigeria Agric Awards) Winner of Corporate Social Responsibility Award (2017), NAA (Nigeria Agriculture Awards) Achiever in Agriculture Awards, Pearl Most Outstanding CEO of the Year Award, Pearl Award of Sectorial Leadership in Agriculture (2018), ICAN Merit Award, 2021 etc.