South Korea to Collaborate With Nigeria On Solid Minerals Development

The Republic of South Korea has offered to collaborate with Nigeria in the area of solid minerals development. The South Korean ambassador to Nigeria, Lee In-tae, who assumed duty in the country five months ago, made this known when he paid a courtesy visit to the ministry of mines and steel development in Abuja, yesterday.

Minister of State for Mines and Steel Development, Abubakar Bawa-Bwari, said he was delighted to have South Korea, well known for modern technologies, come and offer to collaborate with the ministry in solid minerals exploration and development.

“Nigeria has many minerals needed in the world market today, and we want to collaborate with South Korea in the area of technology and survey. “We want to use this opportunity to revive the memorandum of understanding (MoU) signed between Nigeria and South Korea in 2004,” the minister said.

Both countries signed a pact on petroleum and solid minerals development in the country in 2004. He told the ambassador that Nigeria was also keenly interested Korean investors who would want to come in and invest in the sector, assuring of adequate security over their investments.

Amb. In-tae who acknowledged the abundance of mineral deposits in Nigeria said “I am honoured and pleasant to meet with the Hon. Minister. “I want to find out the best ways to collaborate with Nigeria.

I am here to promote the relationship between our two countries.” On wooing South Korean investors, the ambassador said he would try to “knock on the doors” of potential investors and encourage them to come and invest in the sector.

Source: Leadership

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