13 February 2013

Nigeria: Maku - Cross River Becoming Manufacturing Hub

The Minister of Information, Mr. Labaran Maku, Tuesday said Cross River State was gradually emerging as Nigeria's manufacturing hub given the level of investment inflows into the state.

Speaking during the Good Governance Team tour of the Free Trade Zone (FTZ) in Calabar, where General Electric (GE) is to build a manufacturing and assembly facility, Maku said given the rate major international companies are opening shop in Calabar, the state may soon become the manufacturing hub in West Africa.

He said in the FTZ alone, there are 69 companies, 43 of which were manufacturing companies.

Maku attributed the inflow of investments into the state majorly to the state's focused and visionary leadership.

His words: "I congratulate Cross River State government for winning the General Electric project.

"Cross River is not only known for tourism but is gradually becoming a manufacturing hub for the country and West Africa sub region.

"We have Tinapa, International Convention Centre, Free Trade Zone and now General Electric. It means what Cross River has done for itself from Obudu to Calabar is clear indication of visionary leadership."

"For us these type of investment is an announcement that Nigeria is moving forward and good governance can be seen everywhere. We are not only winning in football, we are also winning clearly in the economic transformation."

Maku thanked President Goodluck Jonathan and the Minister for Trade and Investment, Mr. Segun Aganga, for bringing General Electric to Nigeria.

He said the planned investment of $1 billion by General Electric signifies the confidence the international community has in the Nigerian economy.

Copyright © 2013 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.