Abia Govt To Repurchase Moribund Paper Mill

Abia State government has offered to repurchase moribund Star Paper Mill Ltd, Aba from the Asset Management Corporation of Nigeria (AMCON).

The governor, Alex Otti announced this at a grand civic reception organised in his honour by the Abiriba Communal Improvement Union (ACIU) in Aba.

He said he was born and grew up in the town, recalling how important “the mill was not just to the town, the state, the South East, but to the entire country.”

Otti, who recalled how “the once bubbling mill closed down and was bought over by the AMCON,” assured that “hope was not yet lost on the mill”.

“Let me announce that the government entered into a discussion with the AMCON and as we speak, we have made an offer to buy back the mill.”

“So, one thing you can take to the bank is that under our watch, Star Paper Mill Ltd, Aba,the commercial nerve centre of the state will be back,’ according to the governor.

In their respective speeches, the chairman of the occasion, Anya Oko Anya and the president general of the ACIU, Yuccee Uwa appreciated Otti for his transformational projects.