Korea-Nigeria sign agreement on industrial cooperation
Nigeria and South Korea have agreed on an industrial cooperation strategy to promote the development of petrochemical and automotive industries and other major sectors in both countries.
The agreement was reached during a meeting between Nigeria’s Minister of Trade and Investment, Mr. Olusegun Aganga and his Korean counterpart, Hong Suk-Woo.
Both countries made the commitment at the Korea-Africa industry cooperation forum in Seoul.
According to details of the agreement, Korea will provide all the necessary support to major Korean companies, who want to partner Nigeria on the development of the petrochemical and automotive sectors.
The two ministers also set in motion, plans to create the Korea-Nigeria trade and investment council in order to strengthen their new partnership and to learn from one another.