Nigerian Merchandise will Add Worth to your Markets – Tinubu Tells Korean Envoy
President Bola Tinubu has stated Nigeria’s funding local weather has been bolstered by crucial new reforms, with an array of alternatives throughout sectors for traders.
Talking throughout the presentation of a letter of credence by the Ambassador of the Republic of Korea to Nigeria, Vice-Admiral Kim Pan Kyu, on the State Home, on Friday, the President stated Nigeria is a big marketplace for Korean merchandise, notably for Korean items manufactured and produced in Nigeria, whereas emphasizing that Nigerian items can be of nice profit to the Korean market.
Highlighting the beneficial financial outlook of the nation, President Tinubu invited extra South Korean corporations to leverage these alternatives by establishing manufacturing bases in Nigeria.
”I’m glad that you’ve an excellent information of Nigeria and respect the position of our nation in Africa. Our doorways are open for financial alternatives and commerce, and I acknowledge that a number of South Korean corporations and merchandise are firmly entrenched within the Nigerian market.
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”Nigerians respect South Korean know-how, and Nigerian merchandise will also be helpful to South Korean markets. It’s essential carry extra of your corporations and manufacturing vegetation right here. We’ve got every part your industries require to excel as we progress over the near-term. We will companion on talent growth and the systematic switch of information to additional empower our nation’s modern youth inhabitants.
”We’ve got funding alternatives within the stable mineral sector and different areas, and cooperation in these areas will strengthen our bilateral relations,” the President stated.
Recounting his fruitful discussions with President Yoon Suk Yeol throughout the G20 Summit, in New Delhi, in 2023, and their mutual dedication to strengthen cooperation, President Tinubu pledged to construct on the result of that assembly to additional increase bilateral ties.
He welcomed an invite from President Yoon to attend the first-ever South Korea-Africa Summit from June 4 to June 5, 2024, in Seoul, South Korea, and directed Nigeria’s Ministry of Overseas Affairs to maintain him abreast of the matter.
Ambassador Kim underscored President Tinubu’s pivotal position because the Chairman of ECOWAS Authority of Heads of State and Authorities and chief of Africa’s largest economic system, inhabitants, and democracy.
He famous the significance of Nigeria’s participation on the highest stage on the Summit to boost bilateral relations whereas additionally making a way forward for prosperity for Africa and Korea as real companions in progress.
”Your Excellency’s go to to South Korea for the Summit will present a superb alternative to strengthen the relations between the 2 nations,” the Ambassador stated after studying a proper invitation from President Yoon.