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Nigeria On Line to Benefit Massively from Korean $24 billion Assistance to Africa- Envoy
Nigeria On Line to Benefit Massively from Korean $24 billion Assistance to Africa- Envoy
By: Michael Mike
Ambassador of the Republic of Korea to the country, Ambassador Kim Pankyu has said Nigeria is among the top contenders to benefit from his country’s $10 billion development assistance to Africa.
He also said Nigeria also stand tall to benefit from the $14 billion boost to Korean companies to encourage their activities in Africa.
Speaking at at the Korean National Day Reception in Abuja at the weekend, the envoy said: “During the Korea-Africa Summit, my President announced that Korea would continue to expand official development assistance up to ten billion US dollars by 2030 as a catalyst for projects for cooperation with Africa.
“In addition, he committed to provide fourteen billion US dollars to Korean companies by 2030 to encourage their activities in Africa.
“I am happy to share the news that
recently an intra-governmental task force team has been composed to follow up on the economic partnership agreements made on the occasion of the Korea-Africa Summit.
Since Nigeria is a leading economy and the biggest market in Africa I believe that the partnership between Korea and Nigeria will be one of the most vibrant ones in the years to come.”
He added that: “In fact, we are already witnessing meaningful progress. During the third quarter of this year, the trade between Korea and Nigeria increased by fifty-five percent. In particular, I would like to point out the fact that the import from Nigeria to Korea increased by ninety-one percent. I believe that this positive development will continue as more and more Koreans are interested in Nigeria and more and more Nigerians are interested in Korea.”
Speaking in the level of relationship between the two countries, the Ambassador said: “When I first came to Abuja earlier this year, I was pleasantly surprised by Nigerian people’s high interest in Korean culture such as Korean language, K-drama, K-pop and K-food.
“I had an opportunity to observe K-food contest in Abuja and was deeply impressed by the Korean foods made by Nigerian chefs. When I observed Taekwondo championship in Abuja recently I had a feeling that in a few years the number of gold medals that Korean athletes win at the Olympics may decrease due to brilliant Nigerian athletes. My fellow Koreans may be disappointed, but as a former Korean ambassador to Nigeria I will be happy to watch that. I believe these kinds of cultural exchanges between our two countries
will strengthen our bonds of friendship and mutual understanding. Furthermore, I think there is a huge potential for cooperation between the two countries in the creative economy.”
On his part, the Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar said:
“Over the years, the world has witnessed the remarkable process that led to the emergence of Korea as one of the economic giants of Asia and one of the strongest economies in the world. The success story of Korea following the war in 1953, global economic downturns and the COVID-19 pandemic is a testament to the strength, determination and resilience of successive governments as well as the patriotism of the good people of Korea.
The Minister, who was represented by the Director of Regions in the Ministry of Foreign Affairs, Ambassador Janet Olisa, said: “I wish to commend the government of Korea for the efforts towards increased cooperation with Africa with the overall aim of achieving shared development through sustainable economic partnerships. The successful hosting of the first Korea – Africa Summit in Seoul in June 2024 is definitely a positive step towards a formidable partnership. Nigeria expresses its appreciation to the government of Korea for its decision, which was announced during the Summit, to extend its Trade and Investment Promotion Frameworks to Africa and to increase its investment and Official Development Assistance (ODA) to the continent.”
He noted that: “Nigeria and Korea have enjoyed excellent and vibrant relations since the establishment of diplomatic relations in 1980. These relations have continued to grow in leaps and bounds across various sectors, including political, economic, cultural and people-to-people relations. On the political front, the two countries have, in recent years, witnessed the exchange of high-level visits, the signing of significant MoUs, as well as the successful hosting of six sessions of the Nigeria – Korea Joint Commission. It is hoped that these relations will be elevated to a more strategic relationship with the highest level of engagement.
“In the economic sector, there have been close collaborations between the two countries in the fields of construction/heavy-duty industries, electronics and chemicals production. There is a significant number of Korean companies registered and doing business in Nigeria, including prominent companies like Samsung, Daewoo, and Hyundai Heavy Duty Industries, as well as LG, Samsung Electronics, and the Lotte Chemical industry. These companies have contributed immensely to the growth of the Nigerian GDP and have created job opportunities in the country..”
The Minister added that: “With the increasing momentum in our bilateral relations and improved trade relations, I am optimistic that both sides will work assiduously towards achieving a significant increase in the volume of trade for the mutual benefit of both nations.”
Nigeria On Line to Benefit Massively from Korean $24 billion Assistance to Africa- Envoy
NBMA Debunks Allegations of Negligence, Compromise Against It
By: Michael Mike
The Director General and Chief Executive Officer (DG/CEO) of the National Biosafety Management Agency (NBMA), Dr. Yemisi Asagbra debunked some allegations level against the agency by some non governmental organisations (NGOs) concerning negligence and compromise.
Speaking during a press briefing in Abuja on Friday, Asagbra said: “The negative statements circulating are misleading and lack credible scientific backing. The agency asks these organisations to present verifiable scientific evidence for their claims and we relies on sound scientific research and internationally recognized protocols to make informed decisions. It is part of the Cartagena Protocol with over 180 parties, our mandate is to protect the health of Nigerians and the environment. It will not compromise on this as it is an agency of integrity.
She added that: “The agency is transparent and accountable in its operations. It invites review of its processes and rigorous evaluations of GMO products. We are confident in our procedures that it’s meet global standards and it is a leader in effective regulation in Africa”.
On the source of the allegations, she said “over the years they have been advocating to have their presence in the board where all these products coming will be thoroughly Investigated, but it hasn’t been given. Most times we rely on the information given by Nigeria Custom Service to furnish them with needed information, which most time is not always easy if they have other things doing.
The Head planning, research and statistics National Biosafety Management Agency Mrs. Bello Scholastica said the agency is concerned with safety to our health and safety to our environment.
She further reiterated that what NBMA stands for is to establish first regulation from identification of the gene of interest, “of what you are interested in, from then till commercialization, and even after commercialization, they still follow suit to make sure that the approvals they gave hasn’t caused any harm, or those that were given approval to that they stay put to what they were asked to do”.
She further explained that the agency has put in effort to promote environmental conservation and biosafety in Nigeria.
NBMA Debunks Allegations of Negligence, Compromise Against It
House of Reps Assures on Passage of Human Rights Defenders Bill
By: Michael Mike
The House of Representatives has revealed that it is interested in the passage of the Human Rights Defenders Bill into law, saying that the bill has already passed the first reading and will soon be subjected to second reading.
The House also promised to take the necessary steps to ensure an improvement in the 2025 budget of the NHRC, pointing out that the N5 billion approved for it in the 2024 budget is inadequate considering the myriad of human rights violations in the country.
The Chairman House Committee on Human Rights, Hon. Abiola Makinde made this disclosure during the oversight visit of Committee to the National Human Rights Commission (NHRC).
The Chairman, who was represented at the occasion by his Deputy, Hon. Mudashiru Lukeman assured the NHRC that the Committee would continue to advance the course of human rights in Nigeria by ensuring that the House of Representatives passes critical bills on human rights issues as well as makes adequate budgetary provisions to ease the work of the Commission.
Makinde also stated that in a bid to improve some aspects of Civil and Political Rights, the House of Representatives had ensured the establishment of human rights desks in all police formations and Headquarters across the 36 States of the Federation.
Earlier, the Executive Secretary of the NHRC, Dr. Tony Ojukwu who received the lawmakers with his management staff told the Human Rights Committee that the Commission relies heavily on them for the enactment of human rights friendly laws and enhanced budgetary provisions to discharge it broad mandate of promotion, protection and enforcement of human rights in the country.
He used the opportunity to commend the legislators for their role in the amendment of the NHRC Act 2010 as well as the support of the Speaker of the House of Representatives, Hon. Femi Gbajabiamila in the payment of compensation to victims of human rights violations by the Special Anti-Robbery Squad (SARS) unit of the Nigeria Police Force.
He equally informed the legislators who were on oversight visit about the recent report released by the Commission following the findings of the Special Independent Investigative Panel on Human Rights Violations in Counter-Insurgency Operations in the North East Nigeria , which he noted has saved the country from possible invitation by the International Criminal Court (ICC).
He noted that the aforementioned wide spread allegations of human rights infractions against some government institutions could result in the ICC extending invitations to some of the leaders to respond to the allegations, but the Commission has done the needful in compliance with the international principles of omplementarity.
He thanked the Committee for promising to improve the budgetary allocation of the Commission in the 2025 fiscal year.
House of Reps Assures on Passage of Human Rights Defenders Bill
FG Confirms Arrest of Simon Ekpa
By: Michael Mike
The arrest of Biafra agitator, Simon Ekpa in Finland has been confirmed by the federal government.
A statement on Friday by the Ministry of Foreign Affairs stated that the Nigerian-Finnish citizen and prominent leader of the proscribed Indigenous People
of Biafra (IPOB), was arrested by Finnish authorities on Thursday.
According to the statement, Ekpa was
charged with inciting terrorism and promoting violence.
The Finnish District Court of
Päijät-Häme ruled to detain him on probable cause for publicly inciting crimes with terrorist intent.
The Finnish authorities alleged that Mr. Ekpa used social media platforms to spread
separatist propaganda, incite violence and encourage illegal actions, which had caused
significant disruptions in the South-East of Nigeria. Finnish investigators had also linked
him to incidents of violence in Nigeria, which were believed to had been fueled by his
online activities.
The statement said “the arrest of Mr. Simon Njoku Ekpa follows sustained diplomatic
pressure by the Nigerian government on Finland, to take action against his activities,
which were linked to violence and instability in the South-East of Nigeria. The request
for action featured during high level engagements between countries.”
The Ministry stated that the arrest of Ekpa, is a significant development in addressing the activities of IPOB, and also neutralizing the influence of transnational actors and “their impact on our national security.”
The Ministry promised to continue to monitor the legal proceedings and provide further updates as the case progresses.
FG Confirms Arrest of Simon Ekpa
NBMA Debunks Allegations of Negligence, Compromise Against It
Nigerian lawyers Ask to Collaborate with Chinese Colleagues in Law Relating to Investment and Dispute Resolution
House of Reps Assures on Passage of Human Rights Defenders Bill
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