ICYMI: Lagos, GE agree on power, healthcare, skills development

GE (NYSE: GE) (www.GE.com), the world’s premier digital industrial company and the Lagos State Government have agreed to pool their resources for the development of critical infrastructure in the state in the areas of power, healthcare and skills development.

This was announced during the signing of a Support and Cooperation Agreement by both parties during the France-Nigeria Business Forum held in Lagos, one of several events hosted during the visit of President of France, Emmanuel Macron, to Nigeria.

The agreement signing between GE and LASG was witnessed by the French Secretary of State to the Minister of Economy and Finance, Delphine Geny-Stephann. It aims to record areas of mutual interest and participation between both parties, streamline the relationship and set out the terms and conditions of collaboration. Focus areas for this collaboration cut across several sectors including power, healthcare, technology, education and financing.

In power, the collaboration is focused on working with the state government to provide the generation capacity needed by Lagos to power industries and households, ensuring the power generated gets to the consumers where it is needed. Using gas turbine and grid solution technologies produced in GE Power’s manufacturing sites in France, GE is well positioned to deliver world class power solutions to Lagos.

Under healthcare, GE will focus on working with the state to upgrade primary, secondary and tertiary healthcare centers across the state whilst developing an efficient financing solution that will help primary healthcare SMEs get much needed access to funding. There will also be a strong focus on capacity development through several clinical, biomedical and leadership training programs for health workers in the state.

GE also seeks to collaborate with the Lagos State Ministry of Wealth Creation & Employment on its Yaba technology hub project by setting up the Lagos Garage advanced manufacturing training program at the hub once completed. Both parties are also exploring areas of possible collaboration with the Lagos State Employment Trust Fund to offer access to financing opportunities to top graduates of the training program.

Speaking on the collaboration, Lazarus Angbazo, President/CEO, GE Nigeria said, “We are grateful to sign an important MOU with the Lagos State Government across key sectors in alignment with the progressive agenda of the state. We look forward to executing on these projects and know that we can count on the true partnership and support of Lagos as usual.”

GE has been operating in Nigeria for over 40 years, with more than 900 employees, 90% of whom are Nigerians.  The company has businesses spanning across key sectors including oil and gas, power, healthcare and rail transportation.