28 May 2009 – A deal has been signed by the Federal Government of Nigeria and a large multinational “aimed at promoting collaboration in public and private sector organisations that are driving critical infrastructure and projects across the country”.
The agreement strengthens an already existing relationship between General Electric (GE) and the Nigerian government and will include opportunities in “oil and gas processing, distribution and transportation; electric power generation, bio-energy, cleaner energy and energy conservation; water and waste water treatment infrastructure; improving healthcare access through infrastructure development; financial investment in sovereign instrument; aviation- aircraft engines, and service and support; and integrated safety and security systems” a press release stated.
The agreement also provides for capacity building in technical and managerial positions and GE will provide management and leadership training to the Nigerian business sector in order to increase opportunities for the country. Additional attention will be focused on building a reputation for Nigeria as a nation with a “solid compliance and integrity programme”.
After the signing ceremony, Attorney General of the Federation and Minister of Justice, Chief Michael Kaase Aondoakaa, said Nigeria was ‘tired’ of doing business with corruption prone companies which induced officials with cash-for-contracts. He stated that henceforth, such ‘dubious contractors’ would not get entry visas for Nigeria.