General Electric to Invest $350 million in Power Sector

The minister for Trade and Investment, Chief Olusegun Aganga revealed today that General Electric has signed a deal with Stanbic IBTC  Bank to invest $350 million in the nation' sailing power sector.
The area of concentration of this their investment would be in the building of mini-power projects. This is aimed at generating an extra 20 megawatts of electricity.

The Minister also added that General Electric will also be bringing 10 of its suppliers to partner with Nigerian companies, to help develop the power capacity and transfer of technology.

 It is hoped that taking distribution, generation and transmission into the private sector will lead to steady supplies and reduce the reliance of homes and businesses on polluting diesel or petrol generators.
God bless General Electric! God bless the Minister of Trade and Investment! God bless Nigeria!