Nigeria Invites South Korean Firms to Boost Investments

Nigeria has called on South Korean companies to boost investments in sectors such as manufacturing, agriculture, technology, and shipbuilding. This appeal was articulated by Babagana Wakil, Chief of Protocol at the Ministry of Foreign Affairs, representing Ambassador Bianca Odumegwu-Ojukwu during a reception for Korea’s National Day in Abuja.

Wakil emphasized the importance of Korea's industrial expertise in aiding Nigeria's economic diversification efforts. He highlighted the need for Korean firms to engage in local manufacturing, agricultural mechanization, and digital technology.

South Korean Ambassador to Nigeria, Jeong Yoan, noted initiatives supporting youth entrepreneurship and education, including the establishment of the Abuja Centre for Entrepreneurship, which aims to assist young entrepreneurs. Jeong mentioned that approximately 2,000 Nigerian officials have received training in Korea through KOICA programs.

He also listed several Korean companies operating in Nigeria's energy and technology sectors, affirming the commitment to promote investment and local employment.