Abia: Gov Otti sets to buy back Star Paper Mill Aba

Abia State Governor, Dr Alex Otti has announced plans by his Government to buy back the moribund Star Paper Mill, Aba and revive the industry.

Governor Alex Otti made the announcement on Thursday, 12 June at a grand civic reception organised in his honour by the Abiriba Communal Improvement Union (ACIU) held at the Enyimba International Stadium, Aba.

Otti noted how the once bubbling industry closed down and was bought over by the Asset Management Corporation of Nigeria (AMCON)

“I grew up here (Aba), I was born here, I knew how important Star Paper Mill was not just to Aba, not just to Abia State, not just to the East of the Niger, but to Nigeria.

“As we speak, we know that Star Paper Mill has been taken over by AMCON. Let me announce that the State Government entered into a discussion with AMCON and as we speak, we have made an offer to AMCON to buy back Star Paper Mill.

“So, one thing you can take to the bank is that under our watch, Star Paper Mill will be back,” Gov. Otti assured.

Located at 114/116, Aba -Owerri Road, Umungasi, Aba North, Abia, Nigeria – Star Paper Mill stopped operation and was taken over by the Asset Management Corporation of Nigeria (AMCON).

The company had thousands of workers before it was shutdown and if revived, Star Paper Mill will provide employment opportunities to many residents of Aba.