Home Business Abuja Chamber to facilitate Korea economic activities in Nigeria
Abuja Chamber to facilitate Korea economic activities in Nigeria

Abuja Chamber to facilitate Korea economic activities in Nigeria


The President of Abuja Chamber of Commerce and Industry (ACCI) Prince Adetokunbo Kayode has assured that the Chamber will help in facilitating all the economic activities of the Embassy of the Republic of Korea in Nigeria.

He made the undertaking in his office when he received the envoy at the ACCI Secretariat, on a maiden courtesy visit. The Korean Team was received by the President, Second Deputy President, Emeka Obegolu Esq and other staff.

According to the Media and Strategy Officer of the Chamber, Mr. Lubem Gena, in a statement made available to newsmen, the Korean entourage for the visit were His Excellency Ambassador Lee In-Tae, Ambassador of the Republic of Korea, Mr Ju-leol Lee, Economic Counselor and an Assistant.

The President while expressing delight for the visit acknowledged the strong economic relations between Nigeria and Korea and the desire that this be strengthened and deepened.

The President acknowledged the strength of the Chamber membership as well as the diversity of the various business sectors represented and the desire for a strong business partnership with Korea.

Since the President will be visiting Korea from 20th May 2018, he expressed the desire to meet with leadership of the Chambers of Commerce in Korea, especially in Seoul and Busan.

He pointed out the advantages of having partnership MOUs with these Chambers and counseled that working through the National Association of Chambers of Commerce, Mines and Agriculture (NACCIMA) it would be appropriate to establish a Nigeria-Korea Business Council pointing out that ACCI is ready to drive this effort as well organize joint trade missions and trade expositions with Korean event and convention companies.

The President drew attention to certain Urgent projects that the parties may prioritize in the immediate future such as automotive assembly plant, machines for manufacturing, the possibility of a joint venture to build a Nigeria-Korea Industrial Park as well and the ACCI Commercial City Complex project which is currently on.

Prince Kayode noted that, if this is achieved in Abuja, then there is a huge possibility to replicate the projects across the 36 states of the federation.

The President used the occasion to stress the need for strategic advantage for both Nigeria and Korea where raw materials and finished goods are traded among themselves has provided a huge opportunity for both countries to work together.

In order to facilitate seamless implementation, the President promised to create a Korea Desk in the ACCI to facilitate activities between the Chamber and the Embassy.

In his contribution, the Ambassador noted with satisfaction the critical role the Chamber is playing in the task of ensuring that businesses are made possible and profitable.

Prince Kayode pointing out the on-going legacy projects at the Chamber

He commended the membership base of the Chamber and reiterated the interest of Korea to do business with Nigeria through the Chamber in many areas.

“He expressed the desire to build a bridge of friendship and business relations with Nigeria. The Ambassador suggested that the Chamber provide the areas of business interest of members so as to facilitate cooperation with Korean business partners stressing the importance of adequate business and investment information about Nigeria.

“He emphasized the interest in manufacturing, Building, Construction, Artificial Intelligence, Smart city projects just as he promised to liaise with the appropriate Chamber of Commerce in Korea like the Seoul Chamber and the Busan Chamber to see if there could be a Business-To-Business (B2B) meetings as well as industrial tours, on the back of the African Development Bank Meeting in Busan, Korea next week”.


“They therefore agreed to work together to achieve the above aims and the ACCI will appoint a Desk Officer as contact person to work on all bi-lateral issues”, the statement added.


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