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GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B (1284 Views)

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GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by agabaI23(m): 2:57pm On Oct 04, 2016
Why did the maigaskya lie naa?
Was that just to justify the claim that foreign investors are falling over themselves to invest in Nigeria?
Haba maigida

Haba mana

General Electric (GE) has put paid to claims by President Muhammadu Buhari that the company is investing $2.2billion in the country, rather it is investing $150million.
Chief Executive of General Electric, Mr. Jay Ireland in statement on Monday said: “There are development projects where we are investing, GE would also invest in oil and gas industry projects in Africa in coming years.”

Ireland said the Nigeria investment was part of a plan to spend $2 billion in Africa in coming years with $150 million earmarked for investment in Nigeria.

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.

“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.”

GE’s investment destinations are Nigeria, Kenya, Ethiopia, Ghana and Angola
Source: https://thewhistler.ng/story/ge-contradicts-buhari-says-we-re-investing-only-150m-not-2-2bn

https://thewhistler.ng/story/ge-contradicts-buhari-says-we-re-investing-only-150m-not-2-2bn
Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by agabaI23(m): 3:01pm On Oct 04, 2016
anonimi
blueto
emmm God save me ( modath )
theV0ice (my friend will still have logical explanation for me
Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by anonimi: 3:22pm On Oct 04, 2016
No surprise that DullardPoo just told another LIE.
Since they have FAILED to deliver on their campaign promises, they are running a government on lies and fabricated FALSEHOODS.
A bunch of rotten baggage and destructive shit.

www.nairaland.com/attachments/3131247_cu55se7vaaaykzj_jpeg8d3b0e22c761643e651e5d09f82d1552

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Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by modath(f): 3:24pm On Oct 04, 2016
agabaI23:
anonimi
blueto
emmm God save me ( modath )
theV0ice (my friend will still have logical explanation for me


How ya doing? smiley
Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by Obijulius: 4:38pm On Oct 04, 2016
...Zombies :: Buhari can do no wrong

...South West Zombies :: Buhari is finished..Tinubu will deal with him

...Northern Zombies :: Buhari till 2023

...Five Percent :: Who Cares

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Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by agabaI23(m): 5:01pm On Oct 04, 2016
modath:


How ya doing? smiley
Ayam fai
You?

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Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by theV0ice: 10:20am On Oct 05, 2016
agabaI23:

theV0ice (my friend will still have logical explanation for me


cheesy cheesy my brother, there's no way or need to spin this. Bubu danced with the 'facts' and was rightly called out. GE truly has investment plans of $2.2B for Africa but not for Nigeria alone.

You're free to crucify him grin
Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by agabaI23(m): 11:57am On Oct 05, 2016
theV0ice:


cheesy cheesy my brother, there's no way or need to spin this. Bubu danced with the 'facts' and was rightly called out. GE truly has investment plans of $2.2B for Africa but not for Nigeria alone.

You're free to crucify him grin
Haha, good to know lol.

How have you been?

Hopefully we won't wake up one day to hear that $1= N1000
Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by theV0ice: 2:41pm On Oct 05, 2016
agabaI23:
Haha, good to know lol.

How have you been?

Hopefully we won't wake up one day to hear that $1= N1000

I've been very good o grin

Well, it wouldn't have been a bad thing if only we had things to export in large quantities apart from crude.
Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by agabaI23(m): 4:08pm On Oct 05, 2016
theV0ice:


I've been very good o grin

Well, it wouldn't have been a bad thing if only we had things to export in large quantities apart from crude.
That's great.
We have so much to export but it appears the government is hell bent on finding oil in the north (Chad Basin and nowBenue)
Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by FakoMaybach1: 4:10pm On Oct 05, 2016
i smell lies..someone shud epp me with that pix
Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by PentiumProf: 4:19pm On Oct 05, 2016
How was this go at elected as our president
Shame on whoever elected this goat as president

2 Likes

Re: GE Says Buhari Lied On $2.2b Investment. Figure Inflated From $150 M To $2.2 B by theV0ice: 2:06pm On Oct 07, 2016
agabaI23:
That's great.
We have so much to export but it appears the government is hell bent on finding oil in the north (Chad Basin and nowBenue)

Prospecting for oil isn't a bad thing even if we are talking diversification. Sensible countries and oil companies build up reserves to take advantage of possible price hikes in future. As wells mature, production drops so getting more fields active is a wise thing to do. Whether there's justification for the expedition up north is another matter.

Our govts keep playing mumu politics with the solid minerals sector and lip service to the agric sector. I paid a visit to a massive private farm in Oyo state last month and was pleasantly surprised that some individuals have bought into the agricultural initiative wholeheartedly. Travelling through the state from one LGA to another, I saw new farms springing up However the farmers lamented that govt isn't encouraging them. Its really sad because the country would really benefit from the output these farms are capable of.

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