Ellah Lakes Plc has announced that it has entered into an agreement with the Enugu State Government (“ENSG”), through the Enugu State Technical Committee on Privatisation and Commercialisation, for the expansion and further development of the Ada Rice Company and plantation in Adani, Uzo-Uwani LGA, in Enugu State, Nigeria.
The agreement is expected to boost rice processing and production in the state.
In a public statement seen by Investors king, the company disclosed that it will involve the participation of over Two Hundred (200) indigenous Farmers in a local out-grower program. Ellah Lakes will also develop a Feed Mill and Ethanol processing plant on a site in Adani. The development is expected to create a minimum of Five Thousand (5,000) jobs over the next 24 months, and work is scheduled to begin immediately.
The stride is another milestone for Nigeria as it is coming days after governor Akerodolu of Ondo state announced a new cocoa processing industry in Akure the Ondo State capital. The industry, as reported by Punch Newspaper, is projected to generate about 17,000 jobs.
Speaking on the production boost and agreement with Enugu government, the Chief Executive Officer of Ellah Lakes, Chuka Mordi said: “This is a significant landmark for the Company in fulfilling our strategic objective of diversifying our portfolio and production base and we are very excited to be working with the Enugu State Government. We are very pleased with this collaboration with the very progressive Government of Enugu State. For us, this is the beginning of a great journey to expand the industrial base of the state, and we look forward to a mutually beneficial, valuable and fruitful venture.”
Ellah Lakes Plc. is a Nigerian agribusiness that is currently specializing in Oil Palm & Cassava cultivation in Edo & Delta States. It was listed on the Nigerian Stock Exchange (NSE) on January 14th1993, Ellah Lakes Plc. has brought empowerment to the communities in which it operates and is diversifying across Oil Palm and Cassava value chains. To learn more about Ellah Lakes Plc. and its various initiatives,
