Despite growing worries about the shameful conduct of the police and other security operatives doing very little to assure of adequate security, President Goodluck Jonathan says the country is open and ready to do business with foreign investors.
President Jonathan said on Thursday hat his administration will continue to vigorously implement socio-economic and security reforms that will encourage more
foreign investors to come to Nigeria.
Speaking at an audience with Mr. Jai-Seong Lee, the President and Chief Executive Officer of Hyundai Heavy Industries of South Korea, President Jonathan said that the Federal Government fully realizes the importance of greater foreign investment for Nigeria’s efforts to generate more employment for its youthful population.
The President said that his administration will, therefore, continue to do everything possible to attract more investors to labour-intensive sectors of the Nigerian economy.
He welcomed the decision by Hyundai Heavy Industries to establish a multi-billion dollar shipyard at Brass, Bayelsa state, noting that its completion next year will significantly boost Nigeria’s economic development and create plenty of jobs for the local population.
“Hyundai has a long-standing relationship with Nigeria. You have always played a key role in our economy, especially our oil industry. We appreciate what you have done and are elated by your latest investment in the Shipyard at Brass,” President Jonathan told Mr. Lee.
He assured him that relevant government ministries and agencies will give Hyundai all necessary support to ensure that the shipyard is completed on schedule.
Mr. Lee was accompanied by the Bayelsa State Governor, Chief Timipre Sylva and other Hyundai executives.
He told the President that on completion, the first phase of the Brass Shipyard will provide employment for at least 2,000 Nigerians.
However, the South Korean company denied on Friday that it is involved in the building of a multi-million naira shipyard in Nigeria.
The company said in a statement the company has no such plan. Kim said that Hyundai Heavy President Lee Jai-seong made no such comment during a trip to the country. Kim said the company is building a small pipe-manufacturing factory in Bayelsa.
He assured him that relevant government ministries and agencies will give Hyundai all necessary support to ensure that the shipyard is completed on schedule.
Mr. Lee was accompanied by the Bayelsa State Governor, Chief Timipre Sylva and other Hyundai executives.
He told the President that on completion, the first phase of the Brass Shipyard will provide employment for at least 2,000 Nigerians.
However, the South Korean company denied on Friday that it is involved in the building of a multi-million naira shipyard in Nigeria.
The company said in a statement the company has no such plan. Kim said that Hyundai Heavy President Lee Jai-seong made no such comment during a trip to the country. Kim said the company is building a small pipe-manufacturing factory in Bayelsa.