Ellah Lakes Plc has unveiled bold expansion plans for 2026, targeting the cultivation of 1,500 hectares of oil palm as part of its long-term strategy to increase earnings and foster sustainable growth.
Chief Executive Officer, Chuka Mordi, explained that the expansion would also feature the installation of a Palm Kernel Oil (PKO) mill and the allocation of 100 hectares to livestock farming. According to him, these projects aim to bring all company-owned land in Iguelaba into full production while ensuring maximum utilisation of its crude palm oil mill.
Mordi noted that Ellah Lakes is already building a strong base of seedlings to guarantee uninterrupted operations. He emphasized that forward-planning strategies are being applied across different segments of the business to boost efficiency and productivity.
“In 2026, our priority is to plant an additional 1,500 hectares of oil palm, set up a PKO mill, and dedicate land for livestock activities,” Mordi said. “This will strengthen our capacity, align our growth with long-term demand, and enhance value for all stakeholders.”
The CEO stressed that once Ellah Lakes becomes cash flow positive, dividend distribution will be the company’s foremost priority. He highlighted opportunities in the palm oil sector, driven by rising population and persistent supply gaps, as major growth drivers. Furthermore, he reiterated the company’s commitment to sustainability, noting its alignment with Roundtable on Sustainable Palm Oil (RSPO) standards to uphold community welfare, labour rights, and environmental stewardship.
During a recent stakeholder visit, Habeeb Amole, Executive Director of WCM Capital, commended the company’s progress in land acquisition, plantation development, and nursery establishment. He described the company’s visionary leadership and strategic direction as strong indicators of long-term investment potential.
