A statement released by the Special Adviser to the President on Media and Publicity, Femi Adeshina revealed that a South Korean Auntomobile Outfit, Hyundai Engineering Company Limited has stated its resolve to establish a car plant, and also renovate petroleum refineries in collaboration with the Federal Government of Nigeria.

While receiving the President/Chief Executive Officer of Hyundai Engineering, Mr Chang Hag Kim, at State House, Abuja, Tuesday, 17th December, 2019 the President disclosed 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.”

President Buhari expressed his joy over the proposal to set up Hyundai car plant in the country.

“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 added.

https://theinformant247.com/south-korean-company-to-set-up-car-plant-in-nigeria/

very Good

As long as our steel plants, Ajaokuta and Aladja are not working, even if they succeed in establishing the car plant here, they will still source for steel outside the country. Nigeria should be the only country in the world who has several multi-national oil companies who drill crude oil in the country but has no refineries here as they do in other countries where they operate. We need to be recolonised.

kogi state is the best place to build the plant

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