The Asset Management Corporation of Nigeria (AMCON), has given approval to Abia State to resuscitate the moribund Star Paper Mills in Aba.
Okey Kanu, Commissioner for Information, disclosed this at Government House Umuahia while briefing Journalists on the outcome of this week’s State Executive Council meeting chaired by Governor Alex Otti.
“The revitalization of this moribund company is in line with one of the state government’s economic policies of revitalizing moribund companies and selling the same to serious and capable investors.
“The overreaching interest of the state government in revitalizing moribund companies is to ensure that such companies, when revived, will create job opportunities for Abians as well as internally generated revenue for the state government.
“The state government’s stake in the company, when fully operational, will be minimal, but enough to ensure that the state remains well-positioned to monitor the activities of the company to ensure that the state government and Abians are not shortchanged in any way or manner,” Kanu stated.
Kanu equally stated that moribund companies that are going to be revitalised include; Afro Beverages, Aba Textile Mills, International Equitable Association, Ken Biscuits, among others.
The information boss disclosed that the state Ministry of Environment has commenced house-to-house sanitary inspection services across the 17 LGAs of the state, in line with the strategic objectives of the Keeping Abia State Clean initiative.
He said that the inspection services commenced on August 1, 2025, and said that defaulters would be prosecuted in line with Abia State Environmental law.
