GE Partners With Local Banks to provide N88b Financing Facilities

Following the recent announcement of a contractor for the construction of the GE manufacturing and assembly facility in Calabar, GE has taken further steps to ensure that the suppliers servicing the facility have the financial muscle to do so. To this end GE has signed framework agreements with 5 Nigerian banks that will provide up to $500million in total financing to the suppliers. Read more on AllAfrica's GE Page

Photo: GE

Amb Abdulkadir A. Musa, Permanent secretary, Ministry of Trade and Investment (3rd from right) with GE team after signing the funding agreement with the five local banks

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