NEWS DETAIL
Nigeria, Korea to deepen cooperation in shipping
 Posted Date : 2020-09-14

Nigeria and South Korea have agreed to intensify their collaboration in trade and shipping development.  This was disclosed in a meeting the between the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, and Consul General, Embassy of the Rep. of South Korea in Nigeria, Kim In-Taek.

Both counties have maintained good maritime and trade relations since the 10980s.  But Jamoh and In-Taek said there was a need to expand the relationship in line with global economic dynamics.

Jamoh told journalists that the Republic of Korea was an important partner in the effort to harness the enormous treasures of Nigeria’s maritime environment.

Jamoh stated: “There is a great deal of interest in harnessing our rich maritime resources and potential as new sources of government revenue under the Nigerian government’s economic diversification drive.  We see South Korea as very important here”.

“The relationship between the two countries dates back to the 1980s. We have been together on trade, power and energy.  And in the meeting I had with In-Taek, we discussed possible areas of cooperation in terms of ship repairs and ship recycling and we agreed that we will continue to improve on trade cooperation”.

He added: “To consolidate on the already existing relationship and increase our trade and maritime cooperation, especially in the areas of shipbuilding, ship repairs and ship recycling, among other aspects of shipping development, there needs to be more effort from both countries”.

In-Taek, in his remarks, described NIMASA as a very important organization, saying Korea is willing to develop a good relationship with the Nigerian maritime sector.

 

 

                                                                       

The Guardian, September 11, 2020