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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)

https://m.facebook.com/story.php?story_fbid=2172290279732769&id=1452287068399764

This is a most welcome development.

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P34c3
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duwdu:
This is a most welcome development.

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P34c3
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yes it is and i am watching out for the wailers from the east (even though i am also igbo) who would come here to say he should focus on Innoson or how can Hyundai do that? Where is the electricity they would use for their manufacturing plant as if Innoson is not using the same electricity they claim is not available.

Wailers who are already peeping in on the thread, over to you

*sips wine*

Stallion motors already built a Hyundai Assembly plant during Jonathan's govt but it seems Buharis bad governance has killed it .. Hyundai is middle class automaker who depends on a bouyant middle class for them to succeed but unfortunately Buhari is a middle class killler ..Under Jonathan's govt I bought many Hyundai's from stallion autos VI and the one that used to be on Bank Anthony way ( both show rooms are closed now ) because business for middle class Business man like myself was booming then and the cars were very affordable but today the story is different

SarkinYarki:
Stallion motors already built a Hyundai Assembly plant during Jonathan's govt but it seems Buharis bad governance has killed it .. Hyundai is middle class automaker who depends on a bouyant middle class for them to succeed but unfortunately Buhari is a middle class killler ..Under Jonathan's govt I bought many Hyundai's from stallion autos VI and the one that used to be on Bank Anthony way ( both show rooms are closed now ) because business for middle class Business man like myself was booming then and the cars were very affordable but today the story is different

*sips wine*

I knew they would come.

Stallion motors do not own Hyundai and acted as a subsidiary thus making the end product more expensive. Jonathan caused Stallion to fold up and not Buhari.

Now Buhari has attracted the main Hyundai and not a subsidiary and this would make the end product cheaper for everyone as no middle man would be involved

Buhari apparently is an investor attraction magnet and has attracted the big dog now and not the small fries your Jonathan attracted.

*Sips more wine*

ColonelEmeka:


*sips wine*

I knew they would come.

Stallion motors do not own Hyundai and acted as a subsidiary thus making the end product more expensive. Jonathan caused Stallion to fold up and not Buhari.

Now Buhari has attracted the main Hyundai and not a subsidiary and this would make the end product cheaper for everyone as no middle man would be involved

Buhari apparently is an investor attraction magnet and has attracted the big dog now and not the small fries your Jonathan attracted.

*Sips more wine*

Keep quiet stallion motor hit rock bottom during Buharis govt .Buhari kills industry

Very good development. Let see the stupid Toyota that choose Ghana instead of Nigeria who have the largest percentage of Toyota products in Africa.
We have the population (market) therefore we should call the shut. With the closing of the boarder,any company that is not producing in the country will suffer huge lost.
God bless buhari

SarkinYarki:


Keep quiet stallion motor hit rock bottom during Buharis govt .Buhari kills industry

keep quiet stallion motors hit rock bottom during Jonathans govt. PDP caused stallion to close down shop. You do realize that stallion motors is heavilly indebted to banks right?

If Buhari kills industry how come his policies and the economy he has now made the most attractive in Africa and best in Africa has attracted Hyundai MAIN BRAND and not a subsidiary like your Jonathan did?

*Sips wine*

[s]

Johans1991:
Very good development. Let see the stupid Toyota that choose Ghana instead of Nigeria who have the largest percentage of Toyota products in Africa.
We have the population (market) therefore we should call the shut. With the closing of the boarder,any company that is not producing in the country will suffer huge lost.
God bless buhari

[/s]

SarkinYarki:


Keep quiet stallion motor hit rock bottom during Buharis govt .Buhari kills industry

They hit rock bottom, not because of their own poor management and economic policies, but because of PMB?

Is PMB in charge of Stallion?

You no get sense at all.
.

A welcome development

The way this Asians are bombarding Nigeria ehn...

Ok

Nice One....I wish them all the Best.

In the north im sure.

Him try

shame on toyota and ghanians



..

He disapproved homosexuality law in nigeria and approved setting a Hyundai car plant

The only good thing I think he has done for this country so far

What does he know?

This is one of the change we voted for .

Slow and steady we will get to a New and better Nigeria.

We are in safe and secure hands.

God bless our darling Daddy,
President Muhammadu Buhari for all that he is doing to make our country work again.

The best President in the history of Nigeria.

Keep doing your good works for us Daddy,
Sane and honest Nigerians are with you and PYO.
Sai Baba!


God bless Nigeria.

gud

But ban foreign Rice ? No more support local production. ?

Yeah, this is a Welcome Development!

Competition draws out the best in Competitors. Innoson Motors needs to compete with top brands in other to become better as an Automobile Company.

Moreover, Nigerian Engineers can learn about the Hyundai Automobile Manufacturing secrets which will help put us on the right track in creating more Vehicle Manufacturing Plants in the nearby future.

The Investors won't be creating jobs alone, they'll help us groom the Nigerian future Automobile Manufacturers, the ones who are going to take the world by storm.

Applaudisey to the Military Dictator, General Muhammadu Buhari.

---

Fuckthamods:
Yorubas doing everything possible to bring down innoson business... They can't do it theirselves so they lure in foreign companies to compete with innoson because he is igbo. And of course the fulani tyrant in aso rock will cooperate with them

Junk head! Awon Enthnical Jihadist radarada.

Nah dem go comment, nah dem go still use alternative accounts go like their poo posts.

Oshi!

Good one..

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Yorubas doing everything possible to bring down innoson business... They can't do it theirselves so they lure in foreign companies to compete with innoson because he is igbo. And of course the fulani tyrant in aso rock will cooperate with them

I always wonder why the most stupid set of nairalanders make front page?

Just imagine a news worth celebrating being turned into party arguments by these crètins!

gud
I wish them good luck.

ColonelEmeka:


*sips wine*

I knew they would come.

Stallion motors do not own Hyundai and acted as a subsidiary thus making the end product more expensive. Jonathan caused Stallion to fold up and not Buhari.

Now Buhari has attracted the main Hyundai and not a subsidiary and this would make the end product cheaper for everyone as no middle man would be involved

Buhari apparently is an investor attraction magnet and has attracted the big dog now and not the small fries your Jonathan attracted.

*Sips more wine*

Is Lai Muhammad your biological father? Because you sound like him