biggest economy, South Korea is expected to reach over $2.4 billion by the end of the year.
He said that both Daewoo ENC, which is a major partner of the Nigerian government in the oil and gas sector and Samsung Heavy Industry invested more than $300 million to build an ultra modern shipyard at the Apapa Port in Lagos. He noted that Nigeria is improving its environment to attract foreign direct investment, focusing on manufacturing and agriculture, adding in 1960 when it became an independent nation, its economy was similar to Korea’s.
“Our development agency KOICA is expanding its activities in training, education, e-government and humanitarian assistance. More than 2,500 Nigerian government officials have enjoyed study opportunities in Korea under the KOICA Training Program. Our trade and investment agency Kotra is connecting Korean and Nigerian companies so that they build long-term reliable partnerships.
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