• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria key to African blue economy – Korean envoy

Economy

The Matters Press by The Matters Press
February 7, 2023
Reading Time: 2 mins read
0
Nigeria key to African blue economy – Korean envoy

The Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong, says Nigeria is on the gateway to unlocking the potential of the African continent’s blue economy.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

In a statement signed by Mr Osagie Edward, Assistant Director, Public Relations, Nigerian Maritime Administration and Safety Agency (NIMASA), on Tuesday, Yeong gave the indication during a courtesy call on NIMASA management in Lagos, led by the Korean Ambassador to Nigeria, Mr Kim Young Chae.
The blue economy is the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs creation, while preserving the health of the ocean ecosystem.

Yeong commended the sustained and improved security situation in the Gulf of Guinea with the strong presence of Nigeria.

He added that the Korean government looked forward to continuous support from the Nigerian government in the area of intelligence and information sharing.

“Nigeria is one of the biggest countries on the African continent in terms of economic size, population and market potential. So, Nigeria can be an essential partner to us, the People of Korea.

“Nigeria can be our gateway to the whole of the African continent. We are glad to inform you that Korea has scheduled a summit involving the entire African continent in 2024 and hope it will strengthen the relationship with Nigeria and Africa,” he said.

Responding, Director General, NIMASA, Dr Bashir Jamoh, noted that the relationship between both countries dated over 40 years, and therefore a need to deepen it further.

He noted that Korea was a foremost maritime country with highly recognised capacity in ship building and ship repairs, adding that Nigeria was willing to partner with Korea in shipbuilding for the short-, medium- and long-term benefits of both countries.

“There is not how the issue of trade can flourish without adequate security.

“NIMASA is making steady progress in collaboration with the Nigerian Navy and other security agencies to secure the safety and security of investors, vessels, and seafarers in the Nigerian maritime domain.

“Considering the fact that the population of Koreans is highest in Nigeria when compared to other African states, the need for an improved relationship between Nigeria and Korea cannot be over-emphasised.

“ Korea has arguably the best shipbuilding companies, globally, and that is an area we desire partnership.

“We have commenced discussions with the Samsung Group and Hyundai as well on the issue of shipbuilding and ship repairs,” Jamoh said.

On piracy issues in the Gulf of Guinea, the NIMASA boss said that since the 2nd quarter of 2021, there had been no issues of kidnapping and insecurity.

He assured the Koreans that the Federal Government was determined to achieve a safe and secured maritime domain in Nigeria, noting that the time to improve the Korean-Nigerian bilateral relationship, particularly in the fishing sector, was now.

“I believe we can also explore improved interphase in areas such as deep-sea fishing. Fishing in Nigeria used to be a very large source of income, not far behind oil and gas.

“The numbers are not looking very encouraging at the moment. Partnership will lead to more fishing trawlers in Nigerian waters,” he said.

Yeong and his team members visited the Beep Blue C4i Center, located in the NIMASA Nigerian Maritime Resource Development Centre (NMRDC) in Kirikiri, NIMASA e-Library, the Marine Environment Management Laboratory and the Kitack Lim Regional Maritime Safety and Security Centre of Excellence.

Tags: Economy
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Buhari unveils redesigned naira notes

Zenith Bank shuts some branches over attacks, lack of new naira notes

Zenith Bank unveils N765.6bn gross earnings

Zenith Bank shuts some branches over attacks, lack of new naira notes

Recommended Stories

Tinubu activates Presidential Delivery Tracker on project implementation

February 21, 2024
Value of China’s export to US dips

Chinese Yuan weakens to 7.2197 against dollar

November 2, 2022
Nigeria to rebase CPI, GDP

Nigeria’ s GDP growth rate good response to efficacy of current economic reforms – 2 TMSG

November 26, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us