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/

Jobs! Jobs! Jobs!

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.

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...

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.

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.

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

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.!

.....

kingoflag: dunce, they're projecting employment for only 2500 people and u clowns are here braying like the looney sicko donkeys u are. Lmaooo smh

Bros 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..

This is great. Good for the people of Calabar.