₦airaland Forum

Buhari lied to Nigerians

US firm 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”. by Taboola


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

When will Buhari stop lying ?

Apc forum Apc moderators Apc zombies Apc donkeys. It is well with nigerians. Is how they plan to rule nigeria

lol silly ipobs and anti Nigerian elements fighting over rubbish because if their usual inability to read and comprehend simple English words.


Even if the president misspoke sef, why not slit your wist or enter the nearest lagoon if it's really killing your soul...


10 billion,1 billion, 15 million, who cares as long as investments are coming in and Nigerians have jobs, progress and development...


Sad, bitter, angry and bitter dead enders...

arresa:
lol silly ipobs and anti Nigerian elements fighting over rubbish because if their usual inability to read and comprehend simple English words.


Even if the president misspoke sef, why not slit your wist or enter the nearest lagoon if it's really killing your soul...


10 billion,1 billion, 15 million, who cares as long as investments are coming in and Nigerians have jobs, progress and development...


Sad, bitter, angry and bitter dead enders...

Lame defense.