It appears someone within Government circles have finally reached out to General Electric after they reported plans to invest about $150 million in Nigeria contrasting President Buhari’s speech that they plan to invest $2 billion.
According to reuters, General Electric (GE) has confirmed that it plans to invest about $2.2 billion in Nigeria via an acquisition of a Nigeria railway concession project worth around $2 billion.
“Given the size and scope of the proposed project, it is likely that the debt and equity commitments required from lenders, consortium partners and other co-developers will be in the range of $2 billion or more,” GE said in a statement mailed to Reuters.
Nigeria has also signed two deals worth around $5 billion with China Civil Engineering Construction Corp (CCECC), part of China’s state-owned railway construction firm, to modernise and build railways in the north and south of the country, the Nigerian transport ministry said last month.
GE said the railway concession project came on top of around $150 million the firm was currently spending on capital expenditures in Nigeria as cited by a senior company executive last week.
Critics believe GE has over the years invested more in the news than actualizing any major project in Nigeria.
life is about interest,so is politics,rhere is no parmnent enemy so said azikiwe,,all those general electric an international monetary fund,should operate ,where they are located in united states of America,a far as I am concern those organization are there for their selfish aim.
In france,they protect themselves or their companies from those vultures and predatories foreign companies especially American companies,now I reading imf offers to give Nigeria zero bank interest,i am sure Nigerian govt will take up this offers,as soon as this contract is signed,africa will and Africans will till suffer again from slave trade and colonization,it is about time,we African abolished foreign infulences in africa by any means,if it is war,so be it,
All this knowledge for creating a trillion foreign reserves,built satellite,nuclear energy,manuactures mobile phones,built maglev train,e.t.c and the manpower and the means exists in Nigeria and Africa,even going to the moon with 10 yrs by Nigeria is more than possible.we Nigerians expect Nigeria govt to do their job,and make our country great and proud