The Ambassador of the Republic of Korea to Nigeria, Kim Pankyu yesterday said the bilateral trade between Nigeria and Korea increased to $2.2 billion last year, representing a 38.6 per cent increase.
Pankyu spoke at a press briefing to mark the 45 years anniversary of bilateral relations between the two countries.
The envoy, who arrived in Nigeria a year ago in the role, said since his arrival, the relationship between Korea and Nigeria had grown significantly.
Pankyu, while disclosing that Nigeria is now Korea’s most important trade partner in Africa, noted that his country has not stopped working at improving trade and investment relations with Nigeria.
He said: “Nigeria remains Korea’s most important trade and investment partner in Africa and accounts for 10 per cent of Korea-Africa trade and over 70 per cent of Korea’s project and contract in Africa.
“In 2024, our bilateral trade increased by 38.6 per cent, reaching over $2.2 billion.”
