Samsung expresses interest in boosting Nigeria’s economy

Samsung chairman, Jungwook Kim on Sunday expressed the company’s interest in expanding its presence in Nigeria, thereby boosting the country’s economy.

Presidency spokesman, Ajuri Ngelale, made this known after Kim met with President Bola Tinubu in Riyadh, Saudi Arabia, on the sidelines of the World Economic Forum.

Ngelale said Kim cited the successes of sister companies already operating in Nigeria while laying out potential new opportunities in the country.

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“We can make a lot of progress in Nigeria’s energy sector as well as bringing our technology to other key productive sectors,” Kim said.

“We have built many power stations around the world. We are top of the class in gas-fired power plant construction.

“We have an ever-increasing portfolio in the production of renewable energy solutions around the world.”

Kim said transmission lines and smart grids are areas where Samsung sees increasing demand globally because people need infrastructure anywhere they go.

According to him, Samsung is good at metropolitan rail lines, bridge construction and any of these types of infrastructure projects, in addition to oil and gas engineering projects.

“We are looking forward to knowing Nigeria better under your leadership and to see how we can penetrate the Nigerian market deeper. This is a great opportunity for us,” Kim told President Tinubu.

Tinubu had earlier urged Samsung to invest In Nigeria, saying it is the best destination in terms of value for money.

He added that Nigeria’s investment environment operates on the principle of ‘a willing-buyer and willing-seller’, which ensures seamless access to capital for investors both within and outside the country.