Nigeria, Korea seal economic development deal


Nigeria and Korea Republic are committed to working together to achieve sustainable economic development in Nigeria, the Minister of State, Budget and National Planning, Mrs. Zainab Ahmed has said.

She  spoke in Abuja  during the signing of the Framework Agreement for Grant  Aid Projects between the Federal Government and the Republic of Korea.

Mrs. Ahmed signed on behalf of the Nigeria while the Korean Ambassador to Nigeria, Maj General In-Tac-Lee (rtd) signed for the Korean government.

The minister said the agreement captures projects that are in line with Nigeria’s development priorities as encapsulated in the Economic Recovery and Growth Plan (ERGP).

Accordingly, she said the Korean government, through the Korea International Corporation Agency (KOICA), has executed several projects in the country in various sectors of the economy, cutting across Information Communication Technology (ICT), health, education and agriculture.

“Some of these projects include the establishment of a modern integrated rice milling complex in Niger State, cassava processing centres in Enugu, Ogun and Kogi states, donation of rice milling machines to Benue, Bayelsa and Kogi states, equipment and tool kits for HIV/AIDS to Kogi state as well as the establishment of a model school for primary and junior secondary school education in Abuja at the cost of $15million,” she said.

Mrs. Ahmed added that the Korean government had played a key role in the development of the e-Government Master Plan, a working document for e-government policies and project implementation in the country which is being implemented by the Federal Ministry of Communication Technology.

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