General Electric (GE) has announced that it will soon launch a gas turbine assembly plant and start manufacturing gas turbines in Nigeria starting from next year.
The move is to aid the country’s development, Lazarus Angbazo GE’s CEO in Nigeria said.
According to him, GE has invested over $100 million in the country’s economy and it seeks to tap into the growing demand for gas-fired power plant in Nigeria.
The demand for gas in Nigeria is estimated to rise to 3 billion standard cubic feet (scuf) per day by 2017 from 1.2 billion scuf per day in 2015, ten times the 300 million of eight years ago.
GE has made a bid for a $2 billion railway project to connect Nigeria’s northern cities to the south of the country and could expand its plant to include locomotive assembly.
“We are already in talks with major haulage companies in the country to secure their buy-in on the project,” Angbazo said.