AMCON Approves Sale of ABA Star Paper Mill to Abia Government: Boosting Economic Growth

The Asset Management Corporation of Nigeria (AMCON) has given the green light for the sale of ABA Star Paper Mill to the Abia State Government. This development is seen as a significant step towards revitalizing the economy of Abia State and creating new opportunities for employment and growth. The ABA Star Paper Mill, which has been dormant for several years, is expected to be revamped and restored to its former glory, providing a much-needed boost to the local economy. The Abia State Government has expressed its commitment to ensuring the successful takeover and operation of the mill, with plans to invest heavily in its rehabilitation and modernization. The sale is expected to have a positive impact on the state’s economy, with the potential to create hundreds of jobs and stimulate economic activity in the region. The move is also seen as a testament to the Abia State Government’s efforts to attract investment and promote economic development in the state. The ABA Star Paper Mill, which was once a thriving business, had fallen into disrepair and was taken over by AMCON due to its debt profile. However, with the sale to the Abia State Government, the mill is expected to be restored to its former glory, providing a much-needed boost to the local economy. The Abia State Government has pledged to work closely with AMCON to ensure a smooth transition and to realize the full potential of the mill. The sale is expected to be completed soon, with the Abia State Government taking over the ownership and management of the mill. The development is seen as a major breakthrough for the state, which has been working tirelessly to promote economic growth and development. The ABA Star Paper Mill is expected to play a key role in the state’s economic development, providing employment opportunities and stimulating economic activity in the region. The Abia State Government has expressed its gratitude to AMCON for approving the sale, and has pledged to ensure that the mill is operated efficiently and effectively. The sale is expected to have a positive impact on the state’s economy, with the potential to create hundreds of jobs and stimulate economic activity in the region. The move is also seen as a testament to the Abia State Government’s efforts to attract investment and promote economic development in the state. The ABA Star Paper Mill is expected to be a major driver of economic growth in the region, providing a much-needed boost to the local economy. The Abia State Government has pledged to work closely with stakeholders to ensure the successful operation of the mill, and to realize the full potential of the investment. The sale is expected to be a major milestone in the state’s economic development, providing a platform for growth and development in the region. The ABA Star Paper Mill is expected to play a key role in the state’s economic development, providing employment opportunities and stimulating economic activity in the region. The development is seen as a major breakthrough for the state, which has been working tirelessly to promote economic growth and development. The Abia State Government has expressed its commitment to ensuring the successful takeover and operation of the mill, with plans to invest heavily in its rehabilitation and modernization. The sale is expected to have a positive impact on the state’s economy, with the potential to create hundreds of jobs and stimulate economic activity in the region.

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