BREAKING: Tinubu Poised To Achieve Double Digit Economic Growth, Single Digit Inflation – Bagudu

Senator Abubakar Atiku Bagu­du, the Minister of Budget and Economic Planning, has said President Bola Tinubu’s ad­ministration was poised to achieve a double-digit growth and a single digit inflation, including concentric diver­sification of the economy…..CONTINUE READING....CONTINUE READING

Bagudu stated this in Abuja when Mr. Kim-Youn–Chae, Ambassador Ex­traordinary and Plenipotentiary of Korea to Nigeria, paid him a courtesy visit in his office.

The minister, who described Korea as “a reliable and dependable ally in Nigeria’s developmental quest,” said Nigeria and Korea had been cooperat­ing in the areas of education, health, agriculture, ICT, investment, techni­cal aids and grants as evident by the presence of Projects and Capacity Development Centres built with the support of the Korean Government in Nigeria.

He noted that there were key op­portunities in Nigeria in various sec­tors which include digital economy; green & blue economy; gender-bal­anced job opportunities; reforms in the culture, creative, tourism and hos­pitality sector; education; technology, environment and energy; and more investments in high-growth sectors such as agriculture.

On the bilateral level, he said the Korean Government, under the auspices of the Korea Interna­tional Cooperation Agency (KOI­CA), has been providing technical cooperation including scholarship programmes at Masters and Ph.D levels and other forms of grant and aids to promote economic and social development in Nigeria, thus cul­minating into reduction of social tension, poverty reduction, empow­erment, as well as skill and technol­ogy transfer.

Commenting further on the activ­ities of Korean Government in Nige­ria, Bagudu said: “I am aware that the Korea International Cooperation Agency (KOICA), a governmental agency founded in 1987 and launched its office in Nigeria in 1991, domi­nate 24.9% of Korea’s total Official Development Assistance (ODA) for the Government of Korea, through the Korean Embassy in Nigeria with core development programmes that include technical assistance pro­grammes/projects for capacity and institutional development, feasibility studies and master plans.

“KOICA, in its cooperation efforts, has implemented various technical training programmes for officials of Federal Government Ministries, Departments and Agencies (MDAs) across the three tiers of government in all areas of human endeavour, in­cluding those of state governments…..CONTINUE READING