General Electric (GE) company is constructing a plant that will handle the repair and servicing the turbines of power plants.
Over $100 million has been spent by the US conglomerate on the project located in Calabar, the Cross River capital.
The company’s chief executive officer, Lazarus Angbazo, promised that the Calabar plant will be completed in December, and will be operational before April 2018.
He explained that the multi-purpose plant was set up to support Nigeria’s power, oil and gas sectors of the economy.
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.