New Telegraph

Ellah Lakes, Enugu collaborates for devt of Ada Rice

Ellah Lakes Plc has announced that it has entered into an agreement with Enugu State government 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 Local Government Area into a Staple Crop Processing Zone (SCPZ) in Enugu State.

According to a statement signed by Kenechi Ezezika, OAKE Legal/ Company Secretary, Ellah Lakes will produce and process rice with the participation of over 200 indigenous farmers in the local out-grower programme. Ellah Lakes will also develop a Feed Mill and Ethanol processing plant on the site in Adani. The development is expected to create a minimum of 5,000 jobs over the next 24 months, and work is scheduled to begin immediately. Speaking on the development, the Chief Executive Officer, 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 Enugu State government. “We are very pleased at 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, a Nigerian agribusiness that is currently specialising in oil palm and cassava cultivation in Edo and Delta states, was listed on the Nigerian Exchange Limited (NGX) on January 14, 1993.

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