President Bola Tinubu says Nigeria’s investment climate has been boosted by critical new reforms, with an array of opportunities across sectors for investors.
Speaking during the presentation of a letter of credence by the Ambassador of the Republic of Korea to Nigeria, Vice-Admiral Kim Pan Kyu, at the State House, on Friday, the President said Nigeria is a huge market for Korean products, particularly for Korean goods manufactured and produced in Nigeria, while emphasising that Nigerian goods will be of great benefit to the Korean market.
Highlighting the favourable economic outlook of the country, President Tinubu invited more South Korean companies to leverage these opportunities by establishing production bases in Nigeria.
Recounting his fruitful discussions with President Yoon Suk Yeol during the G20 Summit, in New Delhi, in 2023, and their mutual commitment to strengthen cooperation, President Tinubu pledged to build on the outcome of that meeting to further expand bilateral ties.
Ambassador Kim underscored President Tinubu’s pivotal role as the Chairman of the ECOWAS Authority of Heads of State and Government and leader of Africa’s largest economy, population, and democracy.
He noted the importance of Nigeria’s participation at the highest level at the Summit to enhance bilateral relations while also creating a future of prosperity for Africa and Korea as genuine partners in progress.
Earlier, President Tinubu also received letters of credence from Ambassador Antit Mohsen of Tunisia and High Commissioner Muhali Imbuwa of Zambia.
In his audience with the Tunisian Ambassador, the President affirmed Nigeria’s willingness to deepen partnership with North African countries toward achieving continental prosperity for all African people.
He declared that Nigeria is open for business like never before and that the international community is taking notice, while investor confidence in the country is returning.
The Tunisian Ambassador said his government welcomes the new vibrancy and determination the President has brought into national leadership since his inauguration on May 29, 2023.
President Tinubu welcomed an invitation from President Yoon to attend the first-ever South Korea-Africa Summit from June 4 to June 5, 2024, in Seoul, South Korea, and directed Nigeria’s Ministry of Foreign Affairs to keep him abreast of the matter.
