The President and Chief Executive Officer, GE Nigeria, Lazarus Angbazo has been elected president of the American Business Council (ABC) in Nigeria.
The American Business Council was set up with the core objective of promoting the development of commerce and investments between the United States of America and the Federal Republic of Nigeria while also providing a forum in which American business executives in Nigeria and other business executives with American interests may identify, discuss, and pursue common interests affecting their activities.
The ABC was conceived as more of a “think tank” rather than the duplication of the Nigerian-American Chamber of Commerce (NACC) with which it has a synergistic relationship with the President of NACC invited to all ABC functions and activities, including Board meetings.
Membership of the ABC includes but is not limited to Coca Cola, IBM, Schlumbeger, NCR, Pepsi, KPMG, Capital Alliance, Dubri Oil, Mobil, Procter and Gamble, Intel, Motorola and many others.
The ABC has since its inception in February, 2007, focused on three broad areas where it hopes its impact would be felt in the medium and long term development of Nigeria and they include Education, Infrastructure and Institution Building. Angbazo’s election thus fits perfectly into the over-all aim of the council since GE is in the forefront of helping to rehabilitate Nigeria’s infrastructure from oil and gas to health and power amongst others.
Angbazo said: “It is an honour to have been elected by my peers to serve. The focus of the ABC, aside from promoting business between the US and Nigeria, remains to aid Nigeria’s development in Education, Infrastructure and Institution Building. These are areas where GE has unique expertise and I will work with members of the board as well as of the standing committees to make this happen.” Angbazo takes over from Dick Kramer who has led the American Business Council since its inception in 2007.
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