Nigeria has called on South Korean businesses to increase investment in manufacturing, agriculture, technology and shipbuilding, as the Federal Government seeks to strengthen domestic production, create employment and diversify the economy.
The appeal was made by the Chief of Protocol at the Ministry of Foreign Affairs, BabaganaWakil, who represented Foreign Affairs Minister Bianca Odumegwu-Ojukwu at a reception marking South Korea’s National Day in Abuja.
Wakil said South Korea’s experience in industrialisation, technological development and infrastructure offered lessons for Nigeria as it pursued economic growth and a broader industrial base.
He encouraged Korean companies to explore opportunities in local manufacturing and assembly, shipbuilding and other industries that could support production within Nigeria rather than relying heavily on imported goods.
Agriculture was also identified as a priority area, particularly mechanisation, rice production and processing. Wakil said Korean expertise could help improve agricultural productivity and contribute to Nigeria’s food security objectives.
Other areas highlighted by the Nigerian government included digital technology, infrastructure, education, technical training, maritime security and fisheries. Wakil reaffirmed Nigeria’s interest in expanding trade and investment ties with South Korea for the benefit of both countries.
South Korean Ambassador to Nigeria, Jeong Yoan, highlighted programmes supported by his country in youth entrepreneurship, education and employment in agriculture.
He disclosed that the Korea International Cooperation Agency (KOICA), the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the United Nations Development Programme (UNDP) broke ground in September on the Abuja Centre for Entrepreneurship.
The centre is expected to help young entrepreneurs and start-ups develop business ideas into viable enterprises, strengthening opportunities for enterprise development and job creation.
The ambassador also cited South Korea’s Smart School project, implemented in partnership with the Universal Basic Education Commission. According to the information provided at the event, the initiative had reached 8,000 children and trained more than 300 teachers and school leaders.
In addition, approximately 2,000 Nigerian officials have received training in South Korea through KOICA-supported programmes.
The initiatives reflect existing cooperation in education and skills development, while Nigeria’s investment appeal seeks to deepen commercial ties and attract expertise that can support industrial growth.
The challenge for both countries will be to translate diplomatic engagement and training programmes into sustained investment, stronger local industries and employment opportunities for Nigerians.
Deborah Adeyefa
