President Muhammadu Buhari on Wednesday announced that Hyundai Engineering Company Limited has submitted a proposal to establish a vehicle manufacturing plant in Nigeria.
Buhari, who welcomed the proposal to set up Hyundai car plant in the country, said:
“I pledged the full collaboration and support of the Federal Government to make this planned investment a reality.”
Buhari accepted the proposal when the President/CEO of Hyundai Engineering Company Limited, Chang Hag Kim visited the State House in Abuja.
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.
Today the President/CEO of Hyundai Engineering Company Limited visited, and put forward a proposal to set up a vehicle manufacturing plant in the country. I pledged the full collaboration and support of the Federal Government to make this planned investment a reality. pic.twitter.com/jwkYpsvsTH
— Muhammadu Buhari (@MBuhari) December 17, 2019
While some see it as a step in the right direction, others were raged, angry and won’t keep calm, they queried the Federal Government on its support for Innoson vehicles, the first indigenous vehicle manufacturing company.
And some people are telling me Buhari is the best we could have?
Closed the border to encourage local rice farming. Embracing foreign vehicle manufacturer to discourage local vehicle manufacturing. What happened to Innoson?
This is an analogue president. I'm not sorry to say. https://t.co/LYr5iNYqAZ
— Ààrẹ ọna Kakanfo Balogun Fagunleka (@Great_Kamil) December 18, 2019
If Innoson was owned by dangote or any Hausa man I bet you buhari will not welcome Hyundai car plant in Nigeria.
Why is it only dangote food & cement factory we have why can’t they bring in another factory ?
Go listing to shittima & amosun & see the plans they have for igbos.
— QUDUS (@QdPaper) December 18, 2019
All the innoson vehicles av seen so far are government own, am yet to see an individual that is driving it as a private car. The Nigeria government is the best thing that happened to that company right from wen they were making cars like Carpenter till date.
— Dr. Inspiration… (@danelsurvival) December 18, 2019
Do not cry for Innoson. Rather, weep for Hyundai.
The same Buhari govt policy that brought them in, will drive them out (to Ghana).
Just give it time, they'll sing the same song of :
*Dunlop Nigeria Plc
— Afri-Sagacity (@afrisagacity) December 18, 2019
I'm surprised most ppl didn't know Honda motors has a car plant in Nigeria since 2015. Specially established for Honda Accords model only, that is the most low key company I know. #innoson #Hyundai #Honda pic.twitter.com/8PhxXVPcAu
— KING_DAMII (@Damiirez) December 18, 2019
Germany has Audi,BMW,Ford,Mercedes,Opel,
And are still doing well 9ja has only poor innoson that is not even recognized worldwide now Nigerians are against the establishment of another plant to manufacture automobiles. At this point i think poverty is Nigerian
— A core Buharist?? (@Ahmadbadamasi7) December 17, 2019
If Hyundai set up shop in Nigeria, the cars will be made in Nigeria; dey will provide jobs for Nigerians. The competition will force Innoson 2 shape up. Prices will fall and the common man will win eventually. Any form of solid foreign investment must be welcomed now, we need it
— Half cast ◉ (@kudu_jnr) December 18, 2019
This right here is commendable only to the extent that the government will not send them out with useless policies.
And for the bitter souls talking about Innoson Motors needing to be supported and not this, you all don't know what capitalism is or don't know how this https://t.co/dU8vhuT8jY
— Terkuma Iorjaah (@TerkumaI) December 18, 2019