Nigeria, South Korea Seek Stronger Trade, Technology Partnerships

Nigeria and South Korea have reaffirmed their commitment to strengthening economic relations, with both countries seeking expanded cooperation in trade, investment, technology and skills development.

The commitment was highlighted at a reception in Abuja on Friday, October 23, 2026, to commemorate South Korea’s National Day.

Nigeria’s Ministry of Foreign Affairs was represented by its Chief of Protocol, Ambassador Babagana Wakil, on behalf of the Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu.

Wakil emphasised Nigeria’s interest in attracting South Korean investment beyond the oil and gas sector, particularly in manufacturing, automobile assembly, shipbuilding, agriculture and technology.

He noted that stronger economic relations could support Nigeria’s efforts to diversify its economy, increase non-oil exports, create employment opportunities and strengthen local industries.

Agriculture was identified as an important area for collaboration, with Nigeria seeking to benefit from South Korea’s experience in mechanisation, rice production and agro-processing. The countries also expressed interest in cooperation involving education, digital technology, research, scholarships and technical training.

Maritime cooperation, shipbuilding, fisheries and security were also highlighted as areas with potential for deeper engagement.

The Nigerian government further expressed willingness to host the seventh session of the Nigeria–South Korea Joint Commission in Abuja. The previous session was held in 2021.

South Korea’s Ambassador to Nigeria, Jeong Yoan, highlighted development initiatives supporting education, entrepreneurship and agricultural development. These include programmes designed to strengthen technical skills, support young people and improve educational opportunities.

Existing cooperation has also involved Korean businesses operating in Nigeria, alongside initiatives focused on infrastructure, technology and human-capital development.

Both countries are seeking to translate their longstanding diplomatic relations into practical economic benefits through increased private-sector participation, technology transfer and stronger institutional partnerships.

The renewed commitment comes as Nigeria pursues economic diversification and seeks international partners capable of supporting industrial growth, innovation and sustainable development.

Stronger implementation of proposed initiatives could help expand bilateral trade, improve technical capacity and create new opportunities for businesses and workers in both countries.