AMCON Returns Star Paper Mill to Abia State Government

AMCON returns Star Paper Mill to Abia State government

The Asset Management Corporation of Nigeria AMCON,  on Friday, officially handed over the moribund Star Paper Mill to Abia State government . The handover was performed at performed Government House, Umuahia. Speaking during the handover ceremony, Abia State Governor, Alex Otti said the recovery of the asset was in line with his campaign manifesto to revive most moribund industries in the state, including, the Star Paper Mill, Aba Textile Mills,…

Abia's Otti unveils plans to revive Star Paper Mill

Otti also said that his government’s role was to de-risk the investment and attract capable private sector operators.

AMCON hands over Star Paper Mill to Abia State government

The Asset Management Corporation of Nigeria (AMCON) has officially handed over the moribund Star Paper Mill to the Abia State government.

Abia govt acquires Star Paper Mills Ltd, Aba for N2.5 billion

Abia State Governor, Dr. Alex Otti, has pledged to make the moribund Star Paper Mills Ltd, Aba, profitable, productive, and a major source of employment. The state government has fully concluded the acquisition of the factory with a N2.5 billion payment. Governor Otti made the announcement during the formal handover ceremony of Star Paper Mills […]

AMCON Hands Over Star Paper Mill, Signalling Abia’s Industrial Comeback

In a move heavy with symbolism and economic consequence, the Asset Management Corporation of Nigeria (AMCON) has formally transferred ownership of the long-dormant Star Paper Mill Limited, Aba, to the Abia State Government—unlocking what could become one of the most consequential industrial revivals in South-East Nigeria in decades. Beyond the ceremony in Umuahia, the handover …

AMCON hands over moribund  Star Paper Mill to Abia Govt

*We are acquiring to give it to the private sector – Gov Otti WorldStage– The Asset Management Corporation of Nigeria (AMCON), on Friday, officially handed over the moribund Star Paper Mill Limited, Aba to the Abia Government, marking a significant step towards the state’s industrial revival. Speaking at the brief ceremony in Umuahia, the Executive Director (Asset Management) of AMCON, Dr Aminu Dan’amu , commended the State Government for its co…