Firms to build new sugar processing plant in Nigeria

Ellah Lakes Plc has announced a collaboration agreement with Montserrado Investment Ltd to build a sugar processing plant in Nigeria, with a capacity of 600 tons of cane per day.

The plant is expected to run on 100 percent renewable power, and the period from construction to completion and commissioning is expected to be 24 months, according to a statement on Monday.

“This is a significant landmark for the company in fulfilling our strategic objective of diversifying our portfolio and production base, and we are very excited to be working with Montserrado,” the Chief Executive Officer, Ellah Lakes, Chuka Mordi said. “We are very pleased at this collaboration and look forward to a mutually beneficial, valuable and fruitful venture.”