President Goodluck
Jonathan assured Nigerians and foreign investors that
the Nigerian economy will remain stable despite the drop in global oil
prices yesterday, Thursday 4th, in Abuja.
He gave
the assurance when a delegation of multinational industrial giant,
General Electric (GE), led by its Vice Chairman and CEO, Mr. John Rice,
paid him a courtesy visit at the Presidential Villa.
The President said that
the Federal Government will do everything possible to maintain domestic
economic stability, and urged the company to maintain its confidence in
the country.
“We promise our people that even with the drop in oil prices, the economy will be stable.
“I urge you to maintain
the confidence you have in this country before the oil price drop, and
even expect better management from us.
“Sometimes, it is when you are challenged that you do better than when everything looks good.
“So, I assure you, other
investors in this country and all Nigerians that the government will do
everything necessary to stabilise the economy and that the drop in the
price of crude oil will not create so much distortion in our economy,''
he said.
The President thanked GE
for its commitment to increase its investment in Nigeria with the
attendant benefit of job creation for many more Nigerians.
President Jonathan also
welcomed GE’s plans to set up a facility in Calabar to manufacture
components for the oil and gas sectors.
Mr. Rice told the
President that GE has committed about $30 million to the development of
the Calabar Plant and was already undertaking the training abroad of
some Nigerians who will work there.
He expressed his
company’s appreciation of the support and encouragement being extended
by the Federal Government to foreign investors and assured the President
that fluctuations in global oil prices will not affect the commitment
of GE to the country.
Reuben Abati
Special Adviser to the President
(Media & Publicity)
December 4, 2014
Story for the gods
ReplyDelete