Ellah Lakes Plc, a Nigerian agribusiness company, has entered into a collaboration with Ondo state government (ODSG) to develop and manage of 5000 hectares of land, for the cultivation of oil palm & cassava in the state.
The joint venture was disclosed in a statement issued on Friday by Kenechi Ezezika, the company’s secretary.
Speaking on the development, Chuka Mordi, chief executive officer (CEO) of Ellah Lakes, said: “This is a significant landmark for the Company in the development of our landbank, & we are very excited to be working with ODSG.”
“I am delighted that we are fulfilling our strategic objective of progressively expanding our land bank & diversifying our portfolio and production base. I am also glad to say that the intercropping programme in Edo State is progressing steadily & we have achieved our first milestone of 100Hectares of Cassava with the participation of personnel of the Agricultural Development Program (ADP), in Edo State.”
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On his part, Akinboye Oyewumi, special adviser on development & investment to the Ondo state governor/ CEO of Ondo state development and investment promotion agency (ONDIPA), 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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