Two defunct State-owned
factories which were formerly sold out to the Nigeria Deposit Insurance Company
(NDIC) were on Monday, recovered by the Imo State government after
many years for non-productivity.
The factories are Resin
Paints Industry in Aboh Mbaise and Paper Packaging Industry Limited in
Owerre-Mbieri .
Speaking during the handing
over ceremony at the Imo Trade Investment Centre in Owerri, Governor Okorocha said
the NDIC was at the verge of selling the factories out to prospective buyers
before the State government bought them.
According to him, the two
factories are among the legacies left by the late Governor Sam Mbakwe’s
administration.
He expressed hope that the
recovery would generate employment opportunities for the youths in the State
and also increase the State’s internally generated revenue when full operations
begin in the factories.
Speaking
to journalists at the occasion, a representative of the NDIC, Obaji Obaji, said
that the Imo State government has completed all the transactions, adding that
the two factories now fully belong to the Imo State government.
Also
present at the occasion is 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,
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Athanesius Chidiebere Agbakwuru Good one kudos the governor
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