The Federal Government says the Kaduna Refinery and Petrochemical Company will become operational by mid-2023.
Speaking in the South Korean capital, Seoul on Thursday during the signing ceremony of a Memorandum Of Understanding between the Nigerian National Petroleum Company Limited and the Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery, President Muhammadu Buhari says he looks forward to the urgent completion of the project, including the ongoing Warri refinery rehabilitation.
According to the Nigerian leader, “Daewoo Group has massive investments in the automobile, maritime and other sectors of our economy. I am also aware that Daewoo is currently engaged in the execution of the NLNG train seven project and also constructing sea-going LPG vessels for NNPC and her partners.”
He noted that the Warri and Kaduna refineries when completed as well as the NLNG Train Seven will open more windows of opportunity for Daewoo and other Korean companies in Nigeria.
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The President also on Thursday met with the Speaker of the National Assembly of the Republic of Korea, Kim Jin-Pyo, on the sidelines of the World Bio Summit 2022.
The President said the successes achieved in the recent off-season elections in Anambra, Ekiti and Osun States confirmed that Nigerians have approved democracy.
According to him, “We are proud that our patriotic people are given the right to choose who will govern and represent them in the various legislative houses at state and federal levels.”
The Speaker thanked President Buhari for his first visit to the Korean Parliament and commiserated with Nigeria over the havoc caused by floods.
Describing Nigeria as a “cultural power house”, Jin-Pyo, said the Korean Parliament valued its relationship with Nigeria and wants to see increased “people-to-people” interactions, adding that under President Buhari’s leadership, the Republic of Korea was able to grow bilateral trade with Nigeria by 30 per cent last year, and looked forward to expanded trade under the African Continental Free Trade Agreement.
Rounding of his visit to South Korea, President Buhari met with leaders and members of Nigerian communities living in Korea.
He urged them to be good ambassadors of the country, adding that Nigeria will continue to protect their interests
Editor: Oloyede Oworu
