U.S. Ambassador: Improved Power will Boost Economy

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The United States Ambassador to Nigeria, Mr. Stuart Symington, has said improved power supply will boost the country’s economy.

Symington spoke when he visited  Mantrac Nigeria Limited’s head office in Ikeja, Lagos.

Symington’s visit was part of efforts at supporting American and other firms with dealership in U.S.-made products.

Caterpillar, a U.S. company, manufactures a wide range of power systems and earth moving equipment among other products.

Symington said: “Nigerians are hardworking and enterprising. I’m confident that with more concerted efforts, the country will overcome her challenges through improved power supply”.

He disclosed that the visit was aimed at seeing companies, such as Mantrac, understanding their operations and seeking ways of providing opportunities to enable them to boost the Nigerian economy.

He described Caterpillar and Mantrac partnership in Nigeria as “investment at the highest level,”.

He was shown Mantrac’s range of operations via a slide presentation by the company’s Managing Director, Mr Edmund Martin-Lawson.

Martin-Lawson told the envoy that the company, which is the sole, authorised dealer of Caterpillar products in Nigeria, had set a vision to be a benchmark for Caterpillar dealership globally.

He said the economy was going through a tough time but still remained a large market, describing it as an “excellent investment destination” and a huge opportunity for the Mantrac group.

He described the envoy’s visit as encouraging, maintaining that Mantrac was highly honored to host the highest-ranked US citizen in Nigeria.

Source: The Nation

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