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Nigeria On Line to Benefit Massively from Korean $24 billion Assistance to Africa- Envoy

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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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Chinese Embroidery Companies Make Inroads into Nigeria to Empower Youth

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Chinese Embroidery Companies Make Inroads into Nigeria to Empower Youth

By: Michael Mike

The drive to unearth the potential of Nigeria’s creative sector and further empowers the youth has received a boost as a youth-focused initiative aimed at building sustainable fashion-based businesses across the country.was unveiled on Wednesday

The unveiling was done in Abuja by Embroidery Chief in collaboration with leading Chinese embroidery machine manufacturers Dahao and Futong,

Speaking during the unveiling at a stakeholders’ engagement themed “Stitching the Future: Building Sustainable Embroidery Businesses in Africa,” the Founder of Embroidery Chief, Mr. Lukman Abdulsalam, said that the initiative is designed to empower young Nigerians with practical embroidery and fashion design skills that can be turned into profitable ventures.

According to him, the project launched in partnership with leading Chinese embroidery machine manufacturers Dahao and Futong, will begin with the establishment of innovation hubs in 10 states, including Lagos and Kano. Each hub will be equipped with 50 embroidery machines, offered at subsidized rates to make them accessible to young entrepreneurs.

Abdulsalam noted that training programmes will run in three phases: one month for design, two weeks for machine operation, and one month for technical repairs.

He said that many young Nigerians already possess natural creativity but lack the technical skills to fully express and monetize their talent.

Abdulsalam said: “The purpose of this gathering is to raise awareness about key issues in the fashion industry, how individuals can upscale, identify existing gaps, and connect with the right people and opportunities.

“We aim to collaborate with the government, which is why we have key stakeholders here today. Our plan is to establish hubs in about 10 states. Each hub will receive approximately 50 embroidery machines, and we will train end users on machine operation, technical support, and digital design creation.

“This initiative will begin with 10 states as a pilot. We are committed to empowering individuals by providing these machines at subsidized rates, making them affordable for emerging entrepreneurs.

“In Nigeria, many people still lack the technical knowledge to properly size and digitize designs using software. That’s why training is essential. Once people learn how to use both the machines and the software effectively, it will foster healthy competition and unlock creativity across the board.

“Youth will be able to create designs on sneakers, shoes, bags, clothing, even decorative frames. The possibilities are vast, and with the right skills, we can unlock an entirely new wave of innovation in the fashion industry.”

In his remarks, Michael Zuo, Senior Sales Executive at Dahao, said the company is seriously considering setting up a branch office in Nigeria to support the growth of the embroidery ecosystem.

Also speaking at the event, the Senior Special Assistant to the President on Industrial Training and Development, Hon. Adamson Ayinde who was represented by Dr Taiwo Bashir, described the initiative as a golden opportunity for Nigerian youth.

He noted that there are numerous areas where the government can collaborate, which is likely why the Senior Special Assistant (SSA) to the President asked him to attend the event on his behalf.

He said: “This is a great opportunity for Nigerian youth, as the embroidery industry is worth millions of dollars and still largely untapped. There is so much to be done, and anyone with the vision and willingness to act now stands to benefit immensely.”

Chinese Embroidery Companies Make Inroads into Nigeria to Empower Youth

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Troops neutralise bandit, rescue victim in Wase ambush operation

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Troops neutralise bandit, rescue victim in Wase ambush operation

By: Zagazola Makama

Troops of Operation LAFIYAN JAMA’A have neutralised a suspected bandit and rescued a kidnapped victim during a successful ambush operation in Sabon Gari village, Wase Local Government Area of Plateau State.

Zagazola Makama was reliably informed that the operation, which occurred at about 2:00 p.m. on Wednesday, followed credible intelligence on the movement of bandits along the Kampani–Zurak–Sabon Gari axis.

According to the sources, troops of Sector 2, deployed under Operation Safe Haven, laid a tactical ambush at key crossing points used by the criminals.

During the engagement, one bandit was neutralised while others fled the scene. The troops later combed the general area and rescued one Mr. Amadu Alhaji Nuhu, a 45-year-old man from Taraba State, who had been held captive.

Items recovered from the scene included one fabricated pistol, a pistol magazine, four rounds of 9mm ammunition, one boxer motorcycle, a pair of shoes, a cap, and a head warmer.

The rescued victim and recovered items are currently in safe custody, while efforts are ongoing to apprehend the fleeing criminals.

Troops neutralise bandit, rescue victim in Wase ambush operation

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Two killed, several injured as bandits attack vigilantes in Kwara

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Two killed, several injured as bandits attack vigilantes in Kwara

By: Zagazola Makama

Two persons have been confirmed dead and several others injured following a bandit attack on vigilante operatives in Edogi, Lafiagi axis of Kwara State.

The incident, which occurred during a clash between the vigilantes and suspected bandits, also left four persons with gunshot wounds. Among the injured are Mohammed Ndagi,Saidu Jiya,and Philips John,all members of the Vigilante Group of Nigeria (VGN). A civilian passerby, Babangida Daniel was also caught in the crossfire.

They were rushed to the General Hospital in Lafiagi for emergency treatment. However, the VGN Commander, Mohammed Yatsu (50), and Babangida Daniel were confirmed dead by medical personnel.

The remaining injured victims have been referred to the University of Ilorin Teaching Hospital (UITH) for further medical care.

Meanwhile, ASP Sado Sunday, who was reportedly involved in the operation, remains missing as search efforts continue.

Security sources say efforts are underway to track down the perpetrators and restore calm in the area.

Two killed, several injured as bandits attack vigilantes in Kwara

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