South Korea’s Asia Financial Improvement Committee (AEDC) has proposed a partnership with Nigeria to help photo voltaic gear manufacturing and electrical automobile (EV) manufacturing within the nation.
Vice-President Kashim Shettima welcomed the proposal on Tuesday throughout a courtesy go to by an AEDC delegation led by its Chairman, Mr Yoon Suk-hun, to the Presidential Villa in Abuja, as reported by the Information Company of Nigeria (NAN).
Shettima acknowledged that the Tinubu administration remained dedicated to industrial development and was able to facilitate investments that may switch know-how and enhance the lives of Nigerians.
“Vice-President Shettima has welcomed a proposal for partnership between Nigeria and the Asia Financial Improvement Committee (AEDC) of South Korea for photo voltaic gear and electrical automobile manufacturing.
“Shettima made the dedication on Tuesday when he obtained a delegation from the AEDC South Korea led by its Chairman, Mr Yoon Suk-hun, on a courtesy go to to the Presidential Villa, Abuja,” the NAN report learn partly.
It added, “Shettima assured the group that Nigeria was open to and excited by any type of preparations that may result in the switch of know-how.
“He added that the nation was dedicated to the institution of industries for photo voltaic gear manufacturing and electrical automobile manufacturing.”
The Vice President expressed Nigeria’s openness to partnerships that help the nation’s industrialisation drive, significantly within the renewable power and automotive sectors.
He additionally praised South Korea’s contributions to Africa’s growth by means of investments in know-how and human capital.
Extra insights
Past clear power and electrical autos, South Korea’s Asia Financial Improvement Committee (AEDC) additionally proposed supporting Nigeria’s safety infrastructure by means of superior data know-how programs.
- Shettima famous that such initiatives aligned with the administration’s broader imaginative and prescient of fostering a safe and business-friendly surroundings.
- In response to a report by the Information Company of Nigeria (NAN), Mr Yoon Suk-hun acknowledged that the AEDC’s curiosity in Nigeria stemmed from the nation’s huge potential and the forward-looking imaginative and prescient of its present management.
He emphasised that the committee’s proposals prioritised long-term know-how switch and capability constructing over revenue, with a concentrate on sectors akin to photo voltaic power, electrical mobility, and digital safety.
What it’s best to know
The proposed partnership with South Korea’s Asia Financial Improvement Committee might considerably advance Nigeria’s push for a cleaner, technology-driven transport and power sector.
If the federal government’s clear power agenda is adopted by means of, partnerships just like the one being explored with AEDC might strengthen native manufacturing capability for EVs and photo voltaic gear, cut back import dependence, and drive long-term know-how switch to Nigeria’s industrial base.
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