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

- Hyundai Engineering Company Limited says it has plans to set up a car plant and rehabilitate petroleum refineries in Nigeria

- President Muhammadu Buhari has pledged that his administration will collaborate with and support the company to achieve its goals

- The president gave the assurances when he received the President/Chief Executive Officer of Hyundai Engineering, Mr Chang Hag Kim

President Muhammadu Buhari says Nigeria will collaborate with and support Hyundai Engineering Company Limited to set up a car plant and also rehabilitate petroleum refineries in the country.

The president stated this when he received the President/Chief Executive Officer of Hyundai Engineering, Mr Chang Hag Kim, at State House, Abuja, on Tuesday, December 17.

He said that 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.”

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

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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,” the News Agency of Nigeria quoted him as saying.

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Meanwhile, the UK government, through the Commonwealth Standards Network and the Global Trade Programme, has implemented technical training activity on standards development for Nigerian standards agencies.

According to the head of prosperity, British Deputy High Commission, Mr Guy Harrison, “the UK government is committed to her partnership with the Nigerian government, to promote inclusive economic growth in Nigeria, by providing technical assistance to improve the country’s trading capabilities.

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“This has championed the design of different programmes to deliver specific technical assistance to Nigeria to eliminate non-tariff barriers to trade.”

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