The Abia State Government has secured approval from the Assets Management Corporation of Nigeria (AMCON) to take over Star Paper Mill and revive the once-thriving company as part of its industrialization agenda.
The Commissioner for Information, Prince Okey Kanu announced the development on Monday, while briefing Newsmen on the outcome of this week’s State Executive Council meeting presided over by Governor Alex Otti.
Prince Kanu described the approval as a strategic move to stimulate economic growth in the State.
“The revitalisation of this moribund company is in line with one of the State Government’s economic policies of revitalising moribund companies and selling same to serious and capable investors”, Kanu said.
He explained that the State Government’s priority is to ensure that revived industries provide employment opportunities for Abians and generate the much needed revenue for the State.
“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 short-changed in any way or manner”, he added.
The Commissioner further revealed that other companies marked for revitalization under the administration’s industrial policy include Afro Beverages, Aba Textile Mills, International Equitable Association, and Kent Biscuits.
On Environmental matters, Kanu disclosed that the Ministry of Environment had commenced house-to-house sanitary inspections across the 17 Local Government Areas of the State.
The Commissioner who explained that defaulters would be prosecuted in line with Abia State Environmental law, said that the exercise is being carried out under the “Keep Abia Clean Initiative“, which was launched on 1st August 2025.
