The Republic of Korea has pledged to continue effective collaboration with Nigeria to ensure the nation attains its economic development goals.
Ambassador of the Republic of Korea, Mr. Intae Lee, stated this in a goodwill message at the official opening of a Seminar on the Operations and Regulations on Derivatives Market in Nigeria under the Knowledge Sharing Programme ( KSP ) held at the Head office of the Securities and Exchange Commission (SEC) in Abuja Wednesday.
The KSP which is on “Capacity Building on Operation and Regulation of Financial Derivatives Markets in Nigeria,” is based on the following topic areas: Development of Nigerian Derivatives Market, Operation, Surveillance, and Supervision on the Derivatives Market, Monitoring and Surveillance on Derivatives Market of Nigeria and Establishment of ICT infrastructure for Financial Derivatives Market.
The ambassador said the ceremony envisages the bright future that the two great nations would continue to build together, particularly in the area of economic and developmental cooperation. With that vision in mind, he said Korea has abundant developmental knowledge and experiences to share with Nigeria, SEC said in a statement that was made available to LEADERSHIP yesterday.
In her remarks, acting director-general of SEC, Mary Uduk, expressed appreciation to the government of the Republic of Korea on the programme, saying it would assist greatly in developing the derivatives market in Nigeria.
Uduk said the country would not have a viable derivatives market without building the capacity of the regulator and other stakeholders, adding that the KSP would provide an opportunity to further develop the capital market in Nigeria.