Buhari welcomes proposal by Hyundai to set up car plant in Nigeria

Buhari welcomes proposal by Hyundai to set up car plant in Nigeria

by Joseph Anthony
119 views
President Muhammadu Buhari

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, โ€œand the goal is to achieve self-sufficiency in the supply of petroleum products within the next three years.โ€

President Buhari welcomed proposal to set up Hyundai car plant in the country, pledging: โ€œWe will collaborate and support to make the investment a reality.โ€

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.

โ€œWe 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,โ€ he said.

You may also like

Leave a Comment

Chijos News is an independent online publication that provides readers with the latest breaking Nigerian news, world news, entertainment, sports, business, and many more.

@2024 – Chijosnews.com. All Rights Reserved.

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00