General Electric Company, a global technology leader in energy has strategically commenced implementation of its investment initiative in Nigeria with the hosting of a supplier fair in Calabar, Cross River State.
The Global Chief Executive Officer of the company, Jeff Immelt, had at the beginning of the year during his visit to Nigeria announced a $1 billion investment in the country.
A statement issued by Oluwafemi Ugbada, Jackson Associate Analyst, the company explained that the fair which held at the Tinapa Lakeside Hotel, Calabar had in attendance over 200 Nigerian-owned companies and was intended to increase the company’s local content operations in Nigeria.
It was also a platform for GE to share with local suppliers, financial service companies as well as Cross River State’s investors, the opportunities that existed for partnership on the Calabar investment project. The company has planned to implement a manufacturing and assembly plant which would provide 2300 jobs, 300 of which would be direct GE hires and the remaining 2000 indirect jobs created through GE suppliers that would support its expanded operations.
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