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Abia plans to buy back Star Paper Mill
Abia State Governor Alex Otti

Abia State Governor Alex Otti has made offers to buy back the moribund Star Paper Mill, Aba, and revive the industry.

Otti announced this on Thursday during a grand civic reception organised in his honour by the Abiriba Communal Improvement Union held at the Enyimba International Stadium, Aba.

He noted how the once bubbling industry closed down and was bought over by the Asset Management Corporation of Nigeria.

“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 AMCON has taken over Star Paper Mill. 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.

The governor promised to restore the electricity supply to the communities in Ohafia LGA and informed the audience that discussions are on with EEDC for the Abia State Government to acquire the Abia North and Umuahia ringed fence of the EEDC.

“We are working very hard to ensure that the entire Ohafia local government begins to have power, not just power, but constant power. I heard the Mayor of Ohafia LGA say that he is discussing with EEDC.

A few weeks from now, the discussion will not be with EEDC because we are buying out Abia North and Umuahia ringed-fence from EEDC so that it will be within our control.

“We have made the offer already, and we are in discussions. We will soon conclude it and take it over completely, “he stated.

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