GE Breaks Ground For $250m Manufacturing And Assembly Plant In Calabar

[Shola Sholaz]

Following its announcement  last year that it intends to invest $1 billion in Nigeria, General Electric (GE) has scheduled the groundbreaking for its $250 million manufacturing and assembly plant for Tuesday in Calabar.
.
The ceremony will be performed by Vice President Namadi Sambo.
.
When completed in the next three years, the facility will be the biggest in Africa and will have an additional operating expenditure of about $1 billion in the next ten years.
.
Besides, it intends to make Calabar the hub of its manufacturing activities in sub-Saharan Africa.
.
Expectedly, Calabar is agog with various activities just as economists have been listing the impacts GE's arrival will have on the economy of Cross River State in particular and Nigeria as a whole.