The United States Ambassador to Nigeria Honourable James Entwistle says the U.S government will continue to encourage American companies in investing significantly in Nigeria.
He revealed this while speaking in Calabar when he visited General Electric’s planned manufacturing and assembly facility.
The ambassador said he was impressed with GE’s investment commitment with the Calabar facility which will help improve the local and national community.
He also said contrary to the impression created in some quarters, Nigeria can be a pleasant place to do business if investors are ready to adapt to the country’s peculiarities.
The President and CEO of GE Nigeria Dr Lazarus Angbazo thanked the U.S Ambassador for the tremendous support of GE investment commitments in Nigeria.
According to GE Nigeria CEO, over 90 percent of GE’s management team in Nigeria is made up of Nigerians.
Angbazo also disclosed that GE remains committed to localizing operations in the country through job creation, technology and skills transfer, training and supplier development.
GE’s investment plans for Nigeria include a $250 million capital expenditure for the manufacturing facility in Calabar that will make Nigeria a regional hub for manufacturing, service, and innovation with an improved ability to support a broader range of product lines in power generation as well as oil & gas exploration and production.
(L-R) The Chief Operating Officer for GE Nigeria Mr Ahmad Zakari, President and CEO of GE Nigeria Dr Lazarus Angbazo, the U.S Ambassador to Nigeria Ambassador James Entwistle and General Manager Supply Chain GE Africa Mr Jeffery Sommer – at the site of the GE Manufacturing and Assembly facility in Calabar.