Ellah Lakes buys equipment for palm kernel oil mill, pig farm hits 1,000
By Aboki Forex —
Ellah Lakes Plc has acquired the first batch of expellers and presses for its planned Palm Kernel Oil mill. The company is expanding its processing operations and diversifying revenue sources.
The agribusiness firm also said its pig population has surpassed 1,000. It continues to scale livestock operations in Edo State.
In a statement dated June 23, 2026, the company said installation of the palm kernel processing equipment should be completed by the end of the third quarter of 2026. After installation, it plans to start producing Palm Kernel Oil, known as PKO, and Palm Kernel Cake.
The company said producing PKO and Palm Kernel Cake will help it extract more value from its oil palm operations. The new processing facility will expand its product range and strengthen its role across different parts of the agricultural value chain.
Palm Kernel Oil comes from the kernel of the oil palm fruit. It is used in food ingredients, cosmetics, soaps and other industrial products. Palm Kernel Cake is a by-product of the extraction process and is commonly used in animal feed.
Chuka Mordi, Chief Executive Officer of Ellah Lakes Plc, said: “The addition of PKO and PKC production will enable Ellah Lakes to capture further value from its oil palm operations, expand its product base and deepen its participation across the agricultural value chain.”
On livestock, the company said its pig population has crossed 1,000. This shows growth in its piggery business. Ellah Lakes described livestock as a key part of its integrated agribusiness model. It provides an extra source of revenue and supports near-to-medium-term cash flow while its plantation assets mature.
The company has also started selling gilts, which are young female pigs that have not yet produced offspring. The sale of gilts is expected to create another revenue line while supporting the livestock value chain.