Nigeria, Gateway To Africa’s Blue Economic Success –Korean Envoy

Deputy minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong, has declared that Nigeria is the gateway to unlocking the potential of Blue Economy in Africa.

Choi Yeong, who made the assertion during a courtesy call on NIMASA management in Lagos led by the Korean Ambassador to Nigeria, Kim Young Chae, commended the sustained and improved security situation in the Gulf of Guinea with the strong presence of Nigeria.

He added that the Korean government looks forward to continuous support from the Nigeria government in the area of intelligence and information sharing.
“Nigeria is the one of the biggest country on the African continent in terms of economic size, population and market potentials. So Nigeria could be a very important partner to us the People of Korea. Nigeria could be our gateway to the whole of African continent.

“We are glad to inform you that Korea has scheduled a summit involving the entire African continent in 2024 and we hope it will strengthen relationship with Nigeria and Africa,” he said.

Speaking during the visit, the director general, NIMASA, Dr. Bashir Jamoh, noted that, the relationship between both countries is over 40 years, and there is the need to further deepen it.

He noted that, Korea is a foremost maritime country with highly recognised capacity in the areas of shipbuilding and ship repairs adding that Nigeria is willing to partner Korea in shipbuilding for the short, medium and long tern benefits of both countries.

“There is no how the issue of trade can flourish without adequate security. NIMASA is making steady progress in collaboration with the Nigerian Navy and other security Agencies to secure the safety and security of investors, Vessels, and Seafarers in the Nigerian maritime domain.

“Considering the fact that population of Koreans is highest in Nigeria when compared to other African states, the need for improved relationship between Nigeria and Korea cannot be over emphasised Korea has arguably the best Shipbuilding Companies globally and that is an area we desire partnership. We have commenced discussions with the Samsung Group and Hyundai as well on the issue of shipbuilding and ship repairs,” he stressed.

Commenting on the issues of piracy in the Gulf of Guinea, he stated that, since the 2nd quarter of 2021, there have been no issues of kidnapping and insecurity, assuring them that the federal government is determined to achieve a safe and secured maritime domain in Nigeria.