Nigerians have expressed worry over the fate of Innoson Vehicle Manufacturing Ltd amid plans by Hyundai Engineering Company Limited to set up a car plant in Nigeria.
President/Chief Executive Officer of Hyundai Engineering, Chang Hag Kim, met President Muhammadu Buhari on Tuesday at the State House, Abuja and presented a proposal to set up Hyundai car plant and also rehabilitate petroleum refineries.
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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,” he said.
Nigerians on Twitter have called on the government to ensure the establishment of a foreign competitor does not knock Innoson off local market.
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