csrreporters 
Ellah Lakes Plc has unveiled plans to plant 1,500 hectares of oil palm in 2026 as part of its long-term growth and sustainability strategy.
According to the Chief Executive Officer, Chuka Mordi, the initiative will be complemented by the installation of a Palm Kernel Oil (PKO) mill and the allocation of 100 hectares for livestock farming. These projects are expected to bring the company’s Iguelaba land holdings into full-scale production and maximize the capacity of its crude palm oil mill.
Mordi noted that Ellah Lakes is building up its seedling reserves to ensure uninterrupted operations, while also adopting forward-planning strategies to enhance efficiency across its operations.
He emphasized that the company remains focused on creating sustainable value for shareholders, adding that once Ellah Lakes becomes cash flow positive, dividend distribution will be a top priority.
Highlighting opportunities in the sector, Mordi pointed to population growth and existing supply gaps as drivers for future expansion. He also confirmed that the company is aligning with Roundtable on Sustainable Palm Oil (RSPO) standards to maintain global best practices in environmental sustainability, labour rights, and community welfare.