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Buhari welcomes Hyundai’s plan to set up car plant in Nigeria

Web Editor | ConsumerConnect

In an apparent move to further industrialise the Nigerian economy, President Muhammadu Buhari has commended Hyundai Engineering Company Limited’s plans to set up a car plant, and also rehabilitate the comatose petroleum refineries in the country.

The Sun reports President Buhari assured the company of Nigerians’ collaboration and support when he had audience with Mr. Chang Hag Kim, President/Chief Executive Officer (CEO) of Hyundai Engineering, at the State House, Abuja, Tuesday, December 17, 2019.

Buhari has applauded the proposal to set up Hyundai car plant in the country, pledging: “We will collaborate and support to make the investment a reality.”

A statement by Femi Adesina, Special Adviser to the President on Media and Publicity, according to the source, said Nigeria was committed to ensuring energy security in the country, “and the goal is to achieve self-sufficiency in the supply of petroleum products within the next three years.”

On the project, Mr. Hag Kim said Hyundai Engineering Company, which hires about 15,000 engineers and technical staff globally, was willing to contribute to the development of the Nigerian economy.

“We have been building refineries worldwide. We have the biggest in South Korea, with 650, 000 barrels per day capacity. We are also in Venezuela, Iraq, and many other places.

“We would be glad to contribute our quota in Nigeria,” Hag Kim said.

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