Ambassador Kim, who spoke to journalists in Abuja on the occasion of his 100 days in office, said volume of trade between South Korea and Nigeria fell from $4.6b in 2017 to $1.2bn in 2020 as a result of the decrease of the prices of oil and gas.
“Korea imports lots of sesame seed largely from Ethiopia which I know Nigeria has, and also imports a lot of corn which Nigeria produces. If there is profit for the private businesses, they import. If there is no profit they don’t import. We have to encourage private to do more imports and exports by providing the conducive environment for them to do so,’’ he stated.
Noting as unfortunate, the news of Nigerian farmers fleeing their farmlands for fear of being kidnapped, Kim urged for increased peace and security cooperation between Nigeria and other countries of the sub-region to maintain law and order.