Firm Adds PKO Mill, Piggery to Agribusiness

Ellah Lakes Plc has progressed in its integrated agribusiness strategy with the acquisition of expellers and presses for its Palm Kernel Oil (PKO) mill and surpassing 1,000 pigs on its farm.

The Company in a statement released on the Nigerian Exchange (NGX) said it has acquired the first set of expellers and presses for its Palm Kernel Oil mill, marking an important step in the development of its palm kernel processing capacity.

Installation is expected to be completed by the end of third quarter (Q3) 2026, after which Ellah Lakes plans to commence the production of Palm Kernel Oil and Palm Kernel Cake. This milestone 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.

In addition, Ellah Lakes has surpassed 1,000 pigs on its farm, reflecting continued progress in the scaling of its livestock operations.

As part of the next phase of growth, Ellah Lakes 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.

Speaking on the update, the chief executive officer of Ellah Lakes, Chuka Mordi said, “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.”

He stated, “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.”

Head of Operations, Ellah Lakes, Geraldine Ofoluwa added that the Company remains focused 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.

Ellah Lakes Plc is a rapidly growing indigenous agribusiness company leading Nigeria’s agricultural transformation. Established in 1980 as a fish farming enterprise, the Company underwent a strategic shift in 2019 following the acquisition of Telluria Limited. Ellah Lakes is developing a diversified operating portfolio centred on high-demand agricultural commodities, including oil palm, cassava, maize and soybean.