Ahead of the inauguration of the new president, Bola Ahmed Tinubu, the current National Assembly are seeking ways to create better relationships with other countries. This will be needed as the President Tinubu and the next Assembly will find a better collaboration with other countries useful. They can share ideas and resources that can help each of them advance in technology, trade, military, education, etc. For instance, trade collaborations can be made in a particular sector of the economy for the benefit of both countries.
In light of this, the President of the Senate, Ahmad Lawan, received a special envoy of the President of the Republic of Korea on Sunday, May 28, 2023. They discussed ways to enhance the relationship between the Nigerian and Korean parliaments. The Korean delegation was led by Mr. Kab Yoon Jeong. Senate President Lawan told the delegates that the two parliaments should work together and exchange visits with a view to creating a better relationship.
Ahmad Lawan said presidential inauguration is a big deal.
The next National Assembly, which will be inaugurated on June 13, 2023, will look into how Nigeria can constitute a joint committee that will be involved in visits between the two parliaments. The Korean delegation had arrived in Abuja ahead of the inauguration of the new President of the Federal Republic of Nigeria. Lawan told the guests that the presidential inauguration is a big deal to everyone in Nigeria. He explained that this is because Nigeria has had a long period of sustained democracy.
According to him, “It is a big deal because this is the first time that democracy in Nigeria will witness this long period of sustainability.” In the past, there had been pockets of truncated democratic governments even until 1999 when Nigeria began its Fourth Republic. He said that the people are very optimistic that democracy is taking a very strong root in the country. They do not expect any hinderance to its development at a higher and broader level.
Trade between the two countries continues to grow.
Also speaking about the economic aspect, the Senate President stated that trade between Nigeria and Korea were growing exponentially. Many Nigerian businessmen visit Korea for businesses even though the balance of trade is somewhat skewed. Lawan believes that Nigeria will make more impacts in the Korean businesses because there are so many things that Koreans will also like to buy from Nigeria. “We take Korea as one of our major trading partners,” he said.
This is why he believes that Nigerian business people find it very encouraging to do business with and in Korea. Apart from business, Nigeria also has about 300 students in Korea, some of which are on Korean scholarship. He extended his gratitude to the Korean government for giving such support to Nigerian students. He said that the students have found the environment convenient to undertake their various studies.
Nigeria would take leading role in Africa-Korea summit next year.
Finally, he mentioned the Africa-Korea AgTech Innovation Summit & Challenge. The World Bank, with support from the Korea World Bank Partnership Facility (KWPF) and the Korean Green Growth Trust Fund (KGGTF), and in partnership with Plug and Play Tech Center, launched this summit to identify Disruptive Agricultural Technologies (DAT). Lawan assured the delegation that Nigeria would take a leading role and fully participate in the Africa-Korea summit being planned for next year. The World Bank, through this summit, seeks to create bridges between innovators and explore the potential to incorporate DAT into its work.
World Bank: Website
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