General Electric Plans $1 Billion Investment in Nigerian Power
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General Electric Co. Chairman Jeffrey Immelt said the company will invest $1 billion in Nigeria over the next five years by building a manufacturing plant to support power generation and oil production.
“We are committed to playing our part in the sustainable growth of the country and the positive impact this will have on Nigeria and the continent of Africa as a whole,” Immelt said in a statement handed to reporters today in Abuja during the signing of the agreement with Trade and Investment Minister Olusegun Aganga.