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GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by awodman: 5:30am On Jun 16, 2013 |
Following its announcement last year that it intends to invest $1 billion in Nigeria, General Electric (GE) has scheduled the groundbreaking for its $250 million manufacturing and assembly plant for Tuesday in Calabar. The ceremony will be performed by Vice President Namadi Sambo. When completed in the next three years, the facility will be the biggest in Africa and will have an additional operating expenditure of about $1 billion in the next ten years. Besides, it intends to make Calabar the hub of its manufacturing activities in sub-Saharan Africa. Expectedly, Calabar is agog with various activities just as economists have been listing the impacts GE’s arrival will have on the economy of Cross River State in particular and Nigeria as a whole. Prof. Ndem Ayara, the Economic Adviser to Cross River State Governor, Senator Liyel Imoke, said, “The biggest infrastructure gap we have is in the energy sub-sector. The expectation is that they are coming to close that gap between energy that is available and the energy we need. They are going to provide energy that will support other sectors of the economy.” Ayara said apart from creating employment opportunities by stimulating investments in other sectors of the economy, thus creating a multiplier effect, Cross River as the host state will become the cashment area or primary beneficiary of direct employment from GE. “Cross River as the hub, will have the advantage of being the immediate market. Indigenes of the state will benefit from employment, especially if what GE seeks is skilled labour.” Speaking in a similar vein, the head of Cross River State Investment Bureau, Mr. Gerald Ada said “the investment by GE will add approximately 2500 skilled jobs and several unskilled jobs in the supply and distribution chain. “There will be various opportunities triggered from this investment as GE suppliers will follow suit.” Source:www.vanguardngr.com/2013/06/ge-breaks-ground-for-250m-manufacturing-and-assembly-plant-in-calabar/ 1 Like |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by 234GT(m): 6:16am On Jun 16, 2013 |
Jobs! Jobs! Jobs! 1 Like |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by Nobody: 7:00am On Jun 16, 2013 |
GE is welcomed to the next economic hub of Africa, with Americans vested interest in the country, then things must certainly turn around. Congrats to the good people of Calabar. Where there is peace, investment thrives. 1 Like |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by awodman: 7:03am On Jun 16, 2013 |
Yes ooo...Foreign investors pouring in like water...in GEJ's tenure investors keep setting up companies..WE NO LONGER HEAR ABOUT COMPANIES LEAVING NIGERIA like Dunlop and Co did..so that means something is definitely been done right... 6 Likes |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by naptu2: 7:07am On Jun 16, 2013 |
Trains, trains, trains! That's what I'm excited about. They are going to build train engines and carriages. Yippee! However, I hope government doesn't disappoint. We have PAN, DICON, INNOSON, etc in Nigeria, but the government is still importing goods that can be made in these plants. 2 Likes |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by Omexonomy: 7:25am On Jun 16, 2013 |
awodman: Yes ooo...Foreign investors pouring in like water...in GEJ's tenure investors keep setting up companies..WE NO LONGER HEAR ABOUT COMPANIES LEAVING NIGERIA like Dunlop and Co did..so that means something is definitely been done right...but my naigbour from south west says something must be wrong. |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by taharqa2: 7:45am On Jun 16, 2013 |
awodman: Yes ooo...Foreign investors pouring in like water...in GEJ's tenure investors keep setting up companies..WE NO LONGER HEAR ABOUT COMPANIES LEAVING NIGERIA like Dunlop and Co did..so that means something is definitely been done right...Why wudn't they come. When you are undataking the Largest and most comprehensive Power Reform and Privatisation Program ever attemgted in d world (according to Harvard Business Sch), as well as undataking what is by far the most extensive Rehabilitation/Expansion of old and new Rail lines ever undataking at any time in yr nation's history, Serious Investors take note.. It is that simple 2 Likes |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by tosin2013: 8:19am On Jun 16, 2013 |
thi s thread was meant to b a gud news thread. but d some ppl decided to DERAIL it. @topic. i think its step in d right direction. but I think dese investors are here cos they can c another opp to milk us dry like mtn n co. did! well sha halfbread is beta dan .... by d way, d fact dat some anti Gej guys aren't here shows they aren't jealous. if they're this thread would ave been another tug of war.! |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by Nobody: 8:22am On Jun 16, 2013 |
..... |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by awodman: 9:26am On Jun 16, 2013 |
kingoflag: dunce, they're projecting employment for only 2500 people and u clowns are here braying like the looney sicko donkeys u are. Lmaooo smhBros a company like Shell doesn't employ up to 1,500 direct staffs..but a lot of company DEPEND ON CONTRACTS from them and this provides job for thousand others..so in GE's case a lot of ancillary services will be needed leading to creation of lot of jobs..hope you get the drift.. 6 Likes |
Re: GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar by EkoAtlantic: 9:31am On Jun 16, 2013 |
This is great. Good for the people of Calabar. |
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