Ellah Lakes to Raise N235 Billion for Agro-Industrial Expansion in Nigeria

Ellah Lakes Plc (NGX: ELLAHLAKES), led by CEO Chuka Mordi, announced its intention to raise N235 billion in equity capital to enhance Nigeria's agro-industrial sector. The company highlighted its strategic positioning across 30,000 hectares of land in Enugu, Edo, Ekiti, and Ondo states, showcasing a diversified approach to capture various climate advantages.

The capital raise signifies a commitment to delivering economic scale, market resilience, and long-term value creation. Ellah Lakes aims to solidify its position as a leading indigenous agro-industrial giant in West Africa through vertical integration strategies and revenue diversification, focusing on oil palm, cassava cultivation, and piggery operations.