The Imo State government
has recovered two major defunct state-owned factories which was formerly sold
out to the Nigeria Deposit Insurance Company (NDIC).
In "line with the total industrialisation programme of the
present administration, the Resin Paints Industry in Aboh Mbaise and Paper
Packaging Industry Limited in Owerre-Mbieri were recuperated after many years
for non-productivity".
The State Governor, "Rochas Okorocha", made the disclosure
during the handing over ceremony at the Imo Trade Investment Centre in Owerri,
the Imo State capital, South-East Nigeria.
Governor Okorocha stressed that the government was able to
recover the two factories, which remains one of the greatest legacies of the
late Governor Sam Mbakwe’s administration, from the "Nigeria Deposit Insurance Corporation (NDIC)" at the verge of selling
it out to prospective buyers.
A representative of the NDIC, Obaji Obaji, clearly stated
that the Imo State government has completed all the transactions and done all
the needful, as the two factories now fully belong to the Imo State government.
The Chairman of the Imo State Trade Investment Committee, Mr
Rex Anunobi, and the state’s Permanent Secretary, Ministry of Industry and
Non-formal Sector, John Uzoma, commended Governor Okorocha for achieving this
laudable feat.
However, Governor Okorocha expressed hope that the recovery
would generate massive employment for youths in the state and also increase the
state’s internally generated revenue when full operations begins in the
factories.
He also debunked allegations that he sold any government
property since his tenure as the Governor, adding that he had revived and
rehabilitated all abandoned and moribund projects by his predecessors.
The Governor "reaffirmed" that his administration is more
determined than ever to open Imo State to the rest of the world through the
industrialisation programmes and policies.
He urged the people of the state to support the government
in its industrialization plan and also take advantage of these new factories to
generate more revenue for the state.
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