ABUJA (Reuters) - Nigeria signed a memorandum of understanding with General Electric on Thursday for $1 billion in investment over the next five years into a factory in the southeast, the trade ministry said. The government of Africa's top energy producer is keen to try to diversify its economy away from oil and gas and into sectors like manufacturing. GE has been increasing its exposure to Nigeria, Africa's second biggest economy, which is growing at around 7 percent, but faces major infrastructure bottlenecks. ...
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