News

Hyundai To Set Up Car Plant in Nigeria

Nigeria will collaborate with and support Hyundai Engineering Company Limited to set up a car plant, and also rehabilitate petroleum refineries, President Muhammadu Buhari has said.

Receiving the President/Chief Executive Officer of Hyundai Engineering, Mr Chang Hag Kim, at State House, Abuja, Tuesday, the President 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.”

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

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,” he said.

Femi Adesina
Special Adviser to the President
(Media and Publicity)

Tags

Tunde Alade

Tunde is a political Enthusiast who loves using technology to impact his immediate community by providing accurate data and news items for the good of the country.

Related Articles

Leave a Reply

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker