Obaseki Woos Investors In South Korea, Showcases Reforms In Tech, Energy, Others

Addressing investors at the Nigeria-Korea Business Forum in Seoul 2022, the Governor said the state is an attractive destination of choice for global investment in different sectors of the economy.

He noted, “I am glad that we are all here seated to chart a path for sustainable development anchored on exploring opportunities that exist between Nigeria and South Korea. As we all know the world has changed drastically in the light of rising geo-political tensions, energy crisis and outbreak of deadly pandemics and general economic uncertainties”.

“There are new realities that now demand that we stretch out our hands far and wide to draw friends’ closers.  Thought we are blessed with enormous human and natural resources, Nigeria like many developing countries have been impacted by the global economic crisis. Our revenues have been severely hit, production is low, food prices are high and citizens are exposed to galloping inflation.”

Obaseki added, “Despite all of these challenges, there is still a plethora of opportunities that can be explored to endanger growth and prosperity.  South Korea happens to be one of the leading countries pushing the boundaries in innovation and economic growth and has shown overtime that it is a model for all-inclusive economic advancement and prosperity”.

According to him, “the theme for this business forum partnering with South Korea for sustainable development is apt and speaks to a new thinking particularly for sub-nationals”.