In 2009, GE signed a Country-to-Company (C2C) agreement with the Federal Government of Nigeria to support the financing, design and building of infrastructure and capacity across key sectors of the economy, including rail, power and healthcare.

This agreement was recently renewed for another five years at the Head of States conference in Washington, DC. GE is committed to supporting Nigeria’s Vision 2020 goals in sectors and the C2C entails:

Power Generation: Partnering with the Ministry of Power to support the development of 10GW of power over the next ten years.

Healthcare: Partnering with the Ministry of Health to support the development of diagnostic centers in Nigeria.

Transportation: Partnering with the Ministry of Transportation to modernize and expand Nigeria’s locomotive fleet.

In the last 5 years, GE has made the following power plants fully operational – producing electricity for the people of Nigeria:

Ogorode Power Plant – 451 MW available
Benin Power Plant – 451 MW available
Omotosho Power Plant – 451 MW available
Olorunsogo Power Plant – 676 MW available
Alaoji Power Plant – 451 MW available
Working in partnership with NDPHC for bringing Calabar/Egbema/Gbarain/Egbema power plants on line with a total 1350 MW
Rehabilitated a GE Turbine in Akwa – Ibom and is now producing 120 MW
Rehabilitation of gas turbines on post-PHCN sites is underway in 2014, including rejuvenation of gas turbines through Flange to Flange replacements.

Aganga had said, during a meeting with his counterpart at the Ministry of Commerce, China, Mr. Fu Ziying, that making Nigeria a major manufacturing zone for most of China's products would go a long way in correcting the trade imbalance between the two countries and creating jobs for Nigerians.
Aganga said the availability of raw materials and a ready market in Nigeria for "quality" Chinese products would make the deal a win-win situation for both countries. He said it was important, in line with President Goodluck Jonathan's transformation agenda, for the trade relationship between Nigeria and China to be reappraised in favour of job creation, noting that emphasis should not only be placed on export of goods to Nigeria but on actual production in the country.

He urged Chinese companies, through the help of the China Development Bank, to invest in critical infrastructure in Nigeria, noting that local industries in Nigeria would also benefit from the improved business environment that would result from sound infrastructure.

"It makes economic sense for Chinese companies to come and manufacture in Nigeria because Nigeria is strategic, it has the market and raw materials. We would also focus on backward integration so that other industries can spring up and the value chain strengthened," Aganga told Jieming on Wednesday.

Paints and Coatings Manufacturers Nigeria (PCMN) Limited is among the key local company-beneficiaries, and on its part has already shipped 66,000out of an agreed 388,000 litres of paint, to Samsung Heavy Industries shipyard in South Korea.

Other companies which have also already exported products to South Korea include Berger Paints Nigeria Plc, which has exported 33,000 of its 83,000-litre quota, worth over one million USD, and Metec West Africa, which has exported two hundred and ten tonnes (210) of anodes, valued at USD 2.5million.

Nexans Kabelmetal Limited, another notable beneficiary, recently shipped 180,000 metres of cables costing over one million USD to the South Korean shipyards.

Jason Njoku

Founder & CEO iRokoTv, Nigeria

The Nigerian Internet entrepreneur is the founder of Iroko TV – the world’s largest digital distributor of African movies. Iroko TV was labeled the ‘Netflix of Africa’ according to forbes.

Earlier this year, Iroko TV raised $8 million in venture capital from Tiger Global Management, a New York-based private equity and hedge fund run by billionaire Chase Coleman.

The online streaming website, profits from lucrative content distribution deals with Dailymotion, iTunes, Amazon and Vimeo.

Analysts believe IrokoTV could be worth an estimated $30 million and CEO Njoku is the company’s largest individual shareholder.

Under Goodluck Innoson was funded and the House of Representatives Committee on local content has approved the use of Innoson vehicles for its official activities. The approval was endorsed by the law makers after visiting the motor plant at Nnewi, Anambra State. Chairman of the House Committee on local content, Asita Honourable said they came to verify the level of local input in Innoson vehicles which is part of their official responsibilities. He said that they were happy to discover that more than half of the auto components were locally produced and urged Nigerians to patronise the company.

“The Innoson Motor Plant at Nnewi is a huge honour to Nigeria. What is going on at Nnewi is an amazing feat which needs to be encouraged. This is not an assembly plant, but a full production site where Nigerian auto engineers are exhibiting their skills

The nation’s food import bill has reduced from N1.3 trillion in 2009 to N645 billion as of 2013, as a result of policies put in place to drive agriculture. The decline of Nigeria’s import bill has invariably reduced its foreign exchange deficits.

Okidegbe said, prior to the present administration, Nigeria spent over N1.3 trillion on the importation of rice, sugar, fish and wheat. He queried the audience while delivering his message at the inauguration of policy working group, “Did you know that when Mr. President assumed office that Nigeria was spending about N1.3 trillion importing rice, wheat, sugar and fish? By 2013, we have cut down the food import bill to N645 billion, which is less than half of what we were importing before the assumption of office by Mr. President.

wierdpsycho:
nice job biafranqueen , i'm your biggest fan #Igbokwenu