The Assets Management Corporation of Nigeria (AMCON) has officially handed over the moribund Star Paper Mill located in Aba to the Abia State Government.
The formal transfer marks a significant step in efforts to resuscitate the long-dormant industrial asset. The mill, which was once a major employer and economic contributor in the South-East, has been non-operational for years.
The handover ceremony, attended by state officials and AMCON representatives, signals the state government’s intent to explore revitalization options for the facility. Details regarding the specific plans, potential investors, or timelines for reopening the mill were not immediately disclosed.
Disclaimer:
This report is based on the official handover event. The future operational model, funding, and revival strategy for the Star Paper Mill are yet to be made public by the Abia State Government.
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