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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
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VP Shettima: Nigerian Youths Indispensable To Repositioning Africa
VP Shettima: Nigerian Youths Indispensable To Repositioning Africa
*** Says they’re the fulcrum of President Tinubu’s development agenda
By: Our Reporter
Vice President Kashim Shettima has reaffirmed the federal government’s commitment to youth empowerment as the foundation of Nigeria’s development strategy and Africa’s broader integration goals.
He, therefore, called for a unified effort to bridge generational divides in Nigeria, emphasising the pivotal role the youths play in shaping Nigeria and the continent’s future.
Speaking on Thursday during the 2024 Youth Legacy Conference at the Banquet Hall of the Presidential Villa, Abuja, Vice President Shettima noted that the youths are the fulcrum of President Bola Ahmed Tinubu’s renewed hope agenda with their prominent role in driving national progress.
VP Shettima who was represented by Deputy Chief of Staff to the President (Office of the Vice President), Senator Ibrahim Hassan Hadejia, said, “There is no nation that can prosper without investing in its youth. They are not just leaders of tomorrow; they are also the anchors of today.
“President Tinubu is deeply committed to ensuring that the youth not only have a voice but are active participants in shaping our collective destiny.”
The event’s theme, “Shaping Africa’s Future with AfCFTA and Agenda 2063,” highlighted the alignment between Nigeria’s youth-focused initiatives and Africa’s development blueprints.
Senator Shettima noted that the African Continental Free Trade Area (AfCFTA) and Agenda 2063 present vast opportunities for young Nigerians to thrive as innovators, entrepreneurs, and leaders.
“AfCFTA is not just about trade; it is about creating opportunities for our youth to connect, innovate, and lead Africa into a new era of prosperity. Agenda 2063 envisions an integrated and prosperous Africa, but it is the energy, creativity, and resilience of our youth that will transform this vision into reality,” he said.
The Vice President commended initiatives like the Mandela Washington Fellows for their exemplary leadership and service, adding: “You have shown us what is possible when the youth are given the tools to succeed. Your work in education, healthcare, and social justice serves as an inspiration for generations to come.”
A key highlight of the conference was the launch of the Ubuntu Trade App, a digital innovation designed to bolster Africa’s trade integration and market access for young entrepreneurs.
Describing it as “a testament to the genius of our young minds,” Shettima lauded the app as a critical step in advancing Africa’s digital transformation.
“This app embodies the spirit of innovation that defines our youth. From agriculture to technology, our young people have consistently demonstrated their ability to create solutions that reshape industries and connect markets. Nigeria’s youths are the ladder upon which we climb to lead in technology, agriculture, and the creative industries,” VP Shettima said.
The Vice President also emphasised the administration’s deliberate inclusion of youth in governance and critical sectors.
He stressed: “Our engagement with the youth is not symbolic; it is a necessity. By infusing fresh ideas into seasoned experience, we create a synergy that strengthens our nation. You are not spectators; you are architects of the future. This government is your partner in progress, and together, we will shape a legacy that future generations will be proud of.”
Declaring the conference officially open, Shettima expressed confidence that the deliberations and initiatives launched would drive sustainable growth for Nigeria and Africa. “The future is bright because you are in it,” he added.
In his goodwill message, the United States Ambassador to Nigeria, Richard M. Mills, urged the association to build a network of a free trade area as a way of ideas and human connections between all the people of the African continent.
Mills, represented by the Deputy Chief of Mission, Embassy of the United States of America, David J. Greene, commended Vice President Shettima for his tremendous support towards the successful hosting of the event.
He said the fellowship provides leadership training, and networking opportunities for young Africans working to fast-track economic growth and prosperity to strengthen democratic institutions and to enhance peace security in communities, particularly Nigeria and across Africa.
“Over the past decades, the programme has facilitated the emergence of employment and promotion of thousands of young Africans,” the diplomat said.
Earlier, the Technical Adviser to the Vice President on Women, Youth Engagement and Impact, Hajiya Hauwa Liman, said the event is a testament to the federal government’s shared commitment to advancing Africa’s development by empowering its greatest resource—its youth.
She pointed out that the theme of this year’s conference speaks directly to the vision of a prosperous, integrated, and peaceful Africa driven by its people.
“The African Continental Free Trade Area (AfCFTA) offers a unique opportunity to redefine Africa’s economic trajectory, while Agenda 2063 provides the roadmap for the Africa we want—a continent of shared prosperity, unity, and innovation.
“Today, as we launch the Ubuntu Trade App, we mark a significant milestone in fostering intra-African trade, empowering young entrepreneurs, and creating access to markets that transcend borders.
“As we gather here, let us remember that Africa’s future rests in our hands. With over 60% of Africa’s population under the age of 25, we have a demographic advantage that, if harnessed effectively, can position our continent as a global powerhouse,” she further noted.
In her welcome address, President of the Mandela Washington Fellowship Alumni Association of Nigeria (MWFAAN), Ms Farida Yahaya, said the association has made significant strides in addressing Nigeria’s most pressing challenges.
She explained that the essence of the association lies in its commitment to the principle of “service before self,” adding that the alumni have exemplified this ideal by dedicating their time, energy, and resources to uplift their communities and nation.
She stated: “We were inspired, equipped, and empowered by the Mandela Washington Fellowship to become catalysts for positive change. Today, as we reflect on this remarkable decade, we are awed by the collective impact of our alumni.
“Our association has been more than just a network; it has been a movement. We have come together, driven by a shared passion for service and a commitment to making a difference.
“We have broken barriers, challenged the status quo, and made significant strides in addressing Nigeria’s most pressing challenges. From grassroots initiatives to national policy reforms, our impact has been far-reaching and enduring.”
The President said that the association remains steadfast in its mission to create a better Nigeria by leveraging its network, skills, and resources to drive sustainable development, foster social cohesion, and inspire the next generation of leaders.
“We must also think beyond ourselves and consider the legacy we want to leave for future generations by nurturing young talent, providing mentorship, and fostering a culture of innovation,” she said.
Also present at the event were the Minister of State for Youth Development, Mr. Ayodele Olawande; Executive Vice Chairman, Nigerian Communications Commission (NCC), Engr. Aminu Maida, and Director-General of the National Youth Service Corps (NYSC), Brigadier-General Yusha’u Ahmed, among others.
VP Shettima: Nigerian Youths Indispensable To Repositioning Africa
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Lawan praises Buni’s accomplishments in Yobe
Lawan praises Buni’s accomplishments in Yobe
By: Yahaya Wakili
The President of the Ninth Senate, Senator Ahmed Ibrahim Lawan PhD, GCON, Sardaunan Bade, Yobe North Senatorial District, has said that since assuming office on May 29th, 2019, the Executive Governor of Yobe State, Rt. Hon. Mai Mala Buni CON, has spearheaded significant accomplishments that have transformed the socio-economic fortunes of Yobe State.
The former Senate President maintained that one of his notable achievements lies in the realm of governance transparency, where he has implemented measures to enhance accountability and public trust.
“In making this a reality, Governor Buni strengthened the Yobe State Bureau of Public Procurement established in 2007 by the Public Procurement Act to promote transparency in government contracting, ensuring that contracts are awarded based on merit and that public funds are utilized efficiently.
According to Senator Lawan, as a prudent manager of resources, Governor Buni’s diligence as an astute administrator won Yobe State the World Bank’s overall top performer award on State Fiscal Transparency, Accountability, and Sustainability (SFTAS) in Nigeria.
“His impactful leadership positioned the state as a trailblazer in due process and transparency when it comes to the conduct of government business and application of public funds, Senator Lawan added.
He maintained that the Buni-led administration has adopted transparency mechanisms that guide the implementation of a biometric payroll system to eliminate ghost workers and streamline the state’s wage bill.
The president of the 9th Senate revealed that these initiatives have strengthened public finances and instilled a culture of accountability within the government.
Lawan praises Buni’s accomplishments in Yobe
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ECOWAS Court Orders ₦10 Million in Compensation in favour of Nigerian Student for Human Rights Violations
ECOWAS Court Orders ₦10 Million in Compensation in favour of Nigerian Student for Human Rights Violations
By: Michael Mike
The Economic Community of West African States (ECOWAS) Court has held the Federal Republic of Nigeria accountable for the unlawful detention and mistreatment of Nigerian student Glory Okolie.
The Court in a ruling on Thursday awarded ₦10 Million in compensation and issued directives to safeguard human rights.
The case arose from the detention of Glory Okolie on 13 June 2021, by Nigerian police authorities without judicial authorization.
According to the Applicants, Okolie, along with One Love Foundation and Incorporated Trustees of Behind Bars Human Rights Foundation, she was denied access to legal counsel, subjected to forced labor, and physically abused during her detention.
The Applicants argued that these actions breached several human rights instruments, including the African Charter on Human and Peoples’ Rights and the Revised ECOWAS Treaty, seeking declarations, reparations, and a cessation of Nigeria’s unlawful conduct.
The Federal Republic of Nigeria refuted the claims, citing Okolie’s alleged connection to the Indigenous People of Biafra (IPOB), a proscribed group linked to terrorist activities. The Respondent justified her detention as a matter of national security.
In the Judgment delivered by Honourable Justice Ricardo Cláudio Monteiro Gonçalves, the Judge Rapporteur, the Court found that Okolie’s prolonged detention without judicial authorization contravened Article 7 of the African Charter, violating her right to a fair trial. The Court also found that her deprivation of liberty, absent legal justification, breached Article 6 of the African Charter. Therefore, it ordered the Federal Republic of Nigeria to compensate Glory Okolie by paying her ₦10 million for the violations she suffered. It also ordered the Federal Republic of Nigeria to cease the harassment, ensuring non-repetition of such acts.
Meanwhile, The Court dismissed the claims of the co-applicant NGOs for procedural reasons.
The three-member panel of the Court were Honourable Justice Ricardo Cláudio Monteiro Gonçalves (presiding judge and judge rapporteur), Honourable Justice Sengu Mohamed Koroma (panel member), and Honourable Justice Edward Amoako Asante (Panel member).
ECOWAS Court Orders ₦10 Million in Compensation in favour of Nigerian Student for Human Rights Violations
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