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Buhari welcomes proposal to set Hyundai car plant in Nigeria

By Oluwaseun Sonde

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The President Muhammad Buhari has welcomed the proposal to set up Hyundai car plant in Nigeria while pledged for support to make the investment a reality.

In a statement released by the Special Adviser to the President, Femi Adesina on Tuesday.

According to him “I welcome the proposal to set up Hyundai car plant in the country and we will collaborate and support to make the investment a reality.”

He said that Nigeria will collaborate with and support Hyundai Engineering Company Limited to set up a car plant, and also rehabilitate petroleum refineries.

While received the President/Chief Executive Officer of Hyundai Engineering, Mr Chang Hag Kim, at State House in Abuja.

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.”

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.


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