The CEO of GE Nigeria, Lazarus Angbazo has disclosed that the company would effectively commence the manufacturing of gas turbines, compressors and pumps, as well as other heavy duty equipment by the first quarter of 2018, Daily Trust reports.
During the visit of the US Ambassador to Nigeria, James Entwistle who inspected the plant at the Calabar Free Trade Zone (CFTZ) and informed that that the investment which is one of GE’s largest in Sub-Saharan Africa, over the next five years, was aimed at strengthening GE’s local presence in Nigeria, thereby enabling them to create more direct and indirect jobs and technology transfer in country.
Angbazo is also the president of American Business Council in Nigeria further added that GE would further inject another $250 million to make Nigeria a regional hub for GE products and services, including equipment for oil and gas exploration.
The ground breaking ceremony for the Calabar plant which is a $1 billion investment facility was performed in 2013 by the immediate past vice president, Architect Namadi Sambo.
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