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Sunday, August 14, 2022

Ellah Lakes in JV with Ondo State to Develop Oil Palm, Cassava Plantation

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Ellah Lakes Plc has executed an agreement with Ondo State Government for the joint
development and management of 5,000 Hectares of land, for the cultivation of Oil Palm and Cassava in Ondo State, Nigeria.

“This is a significant landmark for the Company in the development of our landbank, and we are very excited to be working with the Ondo State Government.” I am delighted that we are fulfilling our strategic objective of progressively expanding our land bank and diversifying our portfolio and production base,” the Chief Executive Officer of Ellah Lakes, Chuka Mordi said.

“I am also glad to say that the intercropping programme in Edo State is progressing steadily and we have achieved our first milestone of 100 Hectares of Cassava with the participation of personnel of the Agricultural Development Program (ADP), in Edo State.”

Also speaking on the development, the Special Adviser on Development & Investment to the Ondo State Governor/ Chief Executive Officer of Ondo State Development and Investment Promotion Agency (ONDIPA), Akinboye Oyewumi said: “We are pleased with this collaboration with Ellah Lakes Plc., and we look forward to a mutually beneficial, valuable and fruitful venture.”

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