By Stanley Onyeka, Lagos
Ellah Lakes Plc, a leading indigenous agribusiness company, has announced key operational milestones across its processing and livestock businesses, reflecting continued progress in the execution of its integrated agribusiness strategy.
To this end, the Company said it has acquired the first set of expellers and presses for its Palm Kernel Oil (PKO) Mill, marking an important step in the development of its palm kernel processing capacity.
In a statement, Ellah Lakes expects Installation to be completed by the end of Q3 2026 and afterwards proceed to commence the production of PKO and Palm Kernel Cake (PKC).
This milestone, it said, supports the Company’s broader diversification strategy and further strengthens its integrated agro-industrial platform.
The addition of PKO and PKC production will enable Ellah Lakes to capture further value from its oil palm operations, expand its product base and deepen its participation across the agricultural value chain.
Additionally, Ellah Lakes said it has surpassed 1,000 pigs on its farm, reflecting continued progress in the scaling of its livestock operations.
It noted that this achievement positions the Company as one of the leading piggery operators in Edo State and reinforces livestock as an important vertical within Ellah Lakes’ integrated agribusiness model.
The livestock business supports revenue diversification and near-to-medium-term cash flow generation as the Company’s plantation assets continue to mature.
It also said it has commenced the sale of gilts, creating an additional revenue line and supporting the development of a broader livestock value chain.
These milestones reflect the continued execution of our strategy to build Ellah Lakes into a more integrated and commercially resilient agribusiness platform.
As part of the next phase of growth, Ellah Lakes said it plans to proceed with the installation of its abattoir and cold chain facility. This is expected to support the Company’s longer-term strategy of scaling its piggery operations, improving processing capacity and enhancing market access for livestock products.
Commenting on the update, the Chief Executive Officer, Ellah Lakes, Chuka Mordi, was quoted as saying: “These milestones reflect the continued execution of our strategy to build Ellah Lakes into a more integrated and commercially resilient agribusiness platform.
“The acquisition of equipment for our PKO Mill advances our move into higher-value processing, while the growth of our piggery operations strengthens an important cash-generating vertical within our business model.
“As our plantation assets continue to mature, we are focused on expanding operating verticals that broaden our revenue base, improve value capture and support more consistent cash flow. “Our priority is to complete key installations, scale production efficiently and build the infrastructure required to support sustainable long-term growth.”
Ellah Lakes reiterated its focus on building an integrated agribusiness platform across crop production, processing, livestock and market access, while creating long-term value for shareholders and contributing to Nigeria’s food security agenda.
