Nigeria: FG, GE Sign U.S.$1 Billion Investment Commitment

1 February 2013

Federal government and General Electric yesterday signed an investment commitment where the company will invest $1 billion (about N154 billion) in Nigeria over the next five years to strengthen its local presence in the country.

The GE's investment plans include $250 million capital expenditure that will make Nigeria regional hub for manufacturing which include a new assembly and manufacturing facility to be located in Calabar.

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