Buhari calls for expanded trade relations beyond gas exports to South Korea

Date:

By Egena Sunday Ode 

President Muhammadu Buhari Wednesday in Seoul, expressed Nigeria’s desire to widen the scope of trade relations with the Republic of Korea beyond gas exports.

This was disclosed in a statement by the Special Adviser to the President on Media and Publicity, Femi Adesuna

The President, the statement noted, spoke during a bilateral meeting with his Korean counterpart, Mr. Yoon Suk-Yeol at the Presidential Palace on the sidelines of the First World Bio Summit, calling for expansion from the long-term gas contract to other areas.

On piracy in the Gulf of Guinea to which Korean ships had fallen victim, President Buhari noted that the level of attacks had decreased considerably over the last one year due to the provision of equipment to the Nigerian Navy and Nigerian Maritime Administration and Safety Agency (NIMASA) by the Nigerian government, while also commending the Korean government for the supply of a vessel to the Navy.  

READ MORE  NIPC seeks tax holiday for medical, pharmaceutical sectors

In this respect, the Nigerian leader said he looked forward to enhanced defence and security cooperation with the Republic of Korea.

The President, who thanked his Korean counterpart for inviting him to address the World Bio Summit, also appreciated him for expressing sympathy with Nigerians on the flood disaster.

Earlier, President Suk-Yeol had sympathized with President Buhari over the massive havoc and human losses caused by flood in his country.

He described Nigeria as Africa’s largest economy and cultural powerhouse that produces huge number of films, expressing confidence that Nigeria’s economic and cultural capabilities will contribute significantly to exchanges and cooperation between both countries.

READ MORE  Breaking news: Youths back down from protest, give Tinubu more time to deliver

Both leaders also discussed the need for cooperation at the multilateral level, particularly at the United Nations with South Korea indicating interest to vie for a seat on the Security Council in 2024 and seeking Nigeria’s support. Similarly, the Korean leader sought Nigeria’s support for her country’s plan to host the 2030 EXPO.

The issue of peace on the Korean Peninsula, demilitarization and denuclearization of the region also featured in the bilateral talks.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

READ MORE  African Alliance Restates Commitment To Effective Partnership With Customers

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Osun guber: The electorates have taught Nigerians political lesson – SDP Chairman

By Jude Opara The National Chairman of the Social Democratic...

CSO Urges Taraba Govt to Fix Gaps in Malaria and HIV Services

By Godwin Agia, Jalingo Civil society groups in Taraba are...

FCTA reviews 1979 Abuja Master plan to tackle flash floods, urban expansion

By Stanley Onyekwere The Federal Capital Territory Administration (FCTA)...

AT 100, former varsity don, Pa Ajolore rallies Nigerians to patriotism, reform

By Stanley Onyekwere Pa. Dr. Olusola Ajolore, a former...