South Korea seeks partnership with Nigeria on economic reform
The government of South Korea has expressed interest in partnering with the Nigerian government in the areas of reform policies of President Muhammadu Buhari, basically on industrial diversification, job creation and expansion of infrastructure, among others.
Speaking with journalists yesterday in Abuja, the Ambassador of the Republic of Korea to Nigeria, Mr. Noh Kyu-duk, said in recent years, Nigeria’s non-oil sectors, including telecommunications, trade and services, have enjoyed outstanding growth, leading the country’s GDP growth and making the Africa’s largest economy.
“This is a significant indication that Nigeria can overcome the so-called “oil curse” and emerge as one of the top global economies,” he said.
According to Ambassador Noh, Korea is uniquely equipped with experience rising as a major economic player from the ashes of war through its compressed economic growth and development.
He also restated the interest of the Korean government to partner with Nigeria in four major reforms, including public sector reforms, economic innovation, labor reforms and financial reforms.