He made these remarks at a workshop during the Nigeria Summit held at the Eko Hotel and Suites in Victoria Island today. “Nigeria is positioned to be Africa’s bread basket and the biggest economy by the year 2020. There has been a lot of focus and investment by the Federal Government in developing the Power sector in Nigeria and we as the private sector should ask ourselves, what role can we play? How can we contribute to government’s vision for an improved Power sector?” he noted.
Angbazo said for its part, "GE is playing a significant role in the on-going power sector reforms because Nigeria is a very important market for us, that is why at GE we are committed to filling the huge supply gap in the power sector"
"GE's strategy for Nigeria is hinged on three pillars; first to build infrastructure solutions that are relevant to the local market, localize GE's capability in terms of personnel, suppliers and expertise and build financing capabilities which we plan to do through GE Capital which has the ability to work with the local banks to achieve our objectives"
"GE has plans to further localize its operations in Nigeria. Already we have signed an agreement with the Federal Government to invest $1 billion in building a manufacturing assembly plant in Calabar. We also intend to employ 2300 Nigerians to power GE's operations and to this end, we are instituting training programmes to build capability to deliver on our goals."
“This investment 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,” he said.
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