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 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.
-ChannelsTV
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