General Electric, GE plans to invest around $150 million in Nigeria by 2017, a senior executive said on Monday. “There are development projects where we are investing,” Jay Ireland, chief executive of General Electric in Africa told the FT Africa Summit in London. GE would also invest in oil and gas industry projects. Growth in Nigeria – an OPEC member whose economy, the largest in Africa, is in recession for the first time in more than 20 years due to low oil prices – has been stunted for decades by a lack of investment in its road and rail network. Ireland said the Nigeria investment was part of a plan to spend $2 billion in Africa in coming years. But the $150 million Nigerian investment falls short of the sum Nigeria’s government has said GE would invest. President Muhammadu Buhari, on Saturday in a speech marking Nigeria’s independence day, said GE was “investing $2.2 billion in a concession to revamp, provide rolling stock, and manage” some of the country’s railway lines. Said President Buhari in the independence anniversary broadcast: “On railways, we have provided our counterpart funding to China for the building of our standard gauge Lagos -Kano railway. “Meanwhile, General Electric is investing two point two billion USD in a concession to revamp, provide rolling stock, and manage the existing lines, including the Port Harcourt-Maiduguri Line. “The Lagos-Calabar railway will also be on stream soon”.

Read more at: http://www.vanguardngr.com/2016/10/investing-150m-not-2-2b-buhari-said-independence-broadcast-ge/

The zooooooooooooooooooooooo

lol

Buhari is a curse to this Country.......

Can any truth ever come out of Buhari or APC?
Anyway,they got in there by lies,falsehood and propaganda which they could always rely on their zombies to spread without reasoning. But they constantly mistake the rest of Nigeria for these senseless bunch

Presidiotbuhari is a lying LUNATIC

Lol funny guy Buhari. I wonder it was slip up on noyes or just outright lied.

God what's wrong with this government.
after budgeting huge funds for information ministry and having many P.A. on media still nothing good is coming out.

information ministry got more funds than health

a bet9ja secretary(no vex) will do better in reviewing these Buhari speech than the whole ministry incharge.
that's how Reno caught lies in figures from independence speech

tomorrow we would here the "unknown director" in an "unnamed office/position" has being fired just to white wash us.

sell the media arm of government to private sector maybe we would see positive changes