16 January 2008 – General Electric (GE) and the Nigerian government have started partnership discussions with a view to developing massive infrastructure projects in the country, particularly within the power industry.
"We urgently need this partnership in our effort to develop Nigeria and transform it to be among the twenty top nations in the world by 2020, and we know that GE has the capacity to deliver in this partnership", said President Umaru Musa Yar’Adua.
Speaking of the need to fast track development of critical infrastructure projects, particularly in the power and energy sectors, the president was confident Nigeria could meet the power targets set – 30 000MW of power by 2015.
The President felt that GE further had the expertise to assist with network integrity and offer solutions and suggestions on the running of various power plants. He further suggested that GE should consider establishing a ‘centre of excellence’ in Nigeria, a country in which the company is already well established, particularly in the power, oil and gas and transport industries.
John Rice, vice president of GE, assured the government of their commitment to ensuring the success of the relationship. Further discussions are to follow.