South Korea to assist Nigeria with implementation of economic recovery plan
South Korea to assist Nigeria with implementation of economic recovery plan
Ambassador of the Republic of Korea, Mr. Noh Kyu-Duk
The Republic of Korea on Thursday reiterated its commitment
to assist Nigeria to accelerate implementation of the Economic Recovery
and Growth Plan and to significantly grow the economy.
Nigeria on March 7 launched the ERGP.
It is a medium-term plan for 2017 to 2020, broadly targeting restoration of growth, human development and globally competitive economy, in efforts to combat current economic crisis and achieve sustained diversification and inclusiveness.
Ambassador of the Republic of Korea to Nigeria, Noh Kyu-duk, stated this in Abuja at the first Anniversary of Korea International Cooperation Agency Alumni also known as South Korean International Cooperation Association in Nigeria.
He pledged to assist state governments who are keen to
attract Korean investors to boost local economies and provide more
employment opportunities in Nigeria.
The envoy said that KOICA had recorded significant achievements in the country’s relations with Nigeria, stressing that the role of the agency had strengthened further the relationship between the two countries.
“Trade between our nations peaked in 2014, reaching $4.4bn and in spite of global economic uncertainty, trade between the two nations has remained important.
“More Koreans are travelling to the most remote regions of Nigeria to provide assistance. Korean companies are delivering services, building schools, and opening centres to help local people.
“Korean professors and experts are sharing their experiences and expertise to strengthen the capacity of Nigerian government officials in fields such as health, education, vocational training, and agriculture,” he said.
According to him these efforts and interactions have in no small measure contributed to Nigeria’s economic development through the role of Official Development Assistance in Nigeria
He said that Nigeria’s ambition to return to a robust economy could be accelerated with the help of development assistance.
“As a friend of Nigeria I can assure you that the Republic of Korea always avails itself to assist in the same way the international community once provided to Korea after the Korean war,” he said.
The KOICA Country Director for Nigeria, Park Hyun, said that Korean had been providing Nigeria with ODA since 1991, mostly in the form of project Aid focusing on education and human resource development.
Hyun said that KOICA had supported Nigeria to develop its first e-Governance Master Plan and in building the capacity of public institutions and officials in e-Governance practices.
“Our Government is also building a model primary and junior secondary school in Abuja, and at the state level. We have commissioned a vocational training in Lokoja, Kogi State.
“The total provided by the Korean Government for these projects amounts to roughly $42m,” she said.
Also speaking, president of SKICAN, Mr Fidelis Agbo, said that the association would further strengthen the bilateral relations between Nigeria and the Republic of Korea.
Agbo said that the association would encourage business interchange between Nigerian’s private sector and their South Korean counterparts for mutual benefits of both countries.
He said that SKICAN would also serve as a forum to harvest ideas and experiences gained in training programmes attended and using same to influence Nigeria’s development agenda.
KOICA is Korea’s Aid Agency responsible for implementing grants and technical cooperation of the Republic of Korea in the field of vocational training, health, education among others.
The agency has trained over 1,500 government officials in short-term, long term, and scholarship (master’s degree) programmes, who are now members of KOICA Alumni Association or SKICAN.
The ambassador also pledged to strengthen the relations between Nigeria and his country, adding that the trade relationship between the two countries had remained strong in spite of the global economic crisis.
Nigeria on March 7 launched the ERGP.
It is a medium-term plan for 2017 to 2020, broadly targeting restoration of growth, human development and globally competitive economy, in efforts to combat current economic crisis and achieve sustained diversification and inclusiveness.
Ambassador of the Republic of Korea to Nigeria, Noh Kyu-duk, stated this in Abuja at the first Anniversary of Korea International Cooperation Agency Alumni also known as South Korean International Cooperation Association in Nigeria.
The envoy said that KOICA had recorded significant achievements in the country’s relations with Nigeria, stressing that the role of the agency had strengthened further the relationship between the two countries.
“Trade between our nations peaked in 2014, reaching $4.4bn and in spite of global economic uncertainty, trade between the two nations has remained important.
“More Koreans are travelling to the most remote regions of Nigeria to provide assistance. Korean companies are delivering services, building schools, and opening centres to help local people.
“Korean professors and experts are sharing their experiences and expertise to strengthen the capacity of Nigerian government officials in fields such as health, education, vocational training, and agriculture,” he said.
According to him these efforts and interactions have in no small measure contributed to Nigeria’s economic development through the role of Official Development Assistance in Nigeria
He said that Nigeria’s ambition to return to a robust economy could be accelerated with the help of development assistance.
“As a friend of Nigeria I can assure you that the Republic of Korea always avails itself to assist in the same way the international community once provided to Korea after the Korean war,” he said.
The KOICA Country Director for Nigeria, Park Hyun, said that Korean had been providing Nigeria with ODA since 1991, mostly in the form of project Aid focusing on education and human resource development.
Hyun said that KOICA had supported Nigeria to develop its first e-Governance Master Plan and in building the capacity of public institutions and officials in e-Governance practices.
“Our Government is also building a model primary and junior secondary school in Abuja, and at the state level. We have commissioned a vocational training in Lokoja, Kogi State.
“The total provided by the Korean Government for these projects amounts to roughly $42m,” she said.
Also speaking, president of SKICAN, Mr Fidelis Agbo, said that the association would further strengthen the bilateral relations between Nigeria and the Republic of Korea.
Agbo said that the association would encourage business interchange between Nigerian’s private sector and their South Korean counterparts for mutual benefits of both countries.
He said that SKICAN would also serve as a forum to harvest ideas and experiences gained in training programmes attended and using same to influence Nigeria’s development agenda.
KOICA is Korea’s Aid Agency responsible for implementing grants and technical cooperation of the Republic of Korea in the field of vocational training, health, education among others.
The agency has trained over 1,500 government officials in short-term, long term, and scholarship (master’s degree) programmes, who are now members of KOICA Alumni Association or SKICAN.
The ambassador also pledged to strengthen the relations between Nigeria and his country, adding that the trade relationship between the two countries had remained strong in spite of the global economic crisis.
Minimum Wage: NLC
confirms submission of nominees for committee
On August 24, 20174:01 pmIn NewsComments
The Nigeria Labour Congress (NLC) says it has submitted the names of its
nominees for the 29 man-committee for the negotiation of the new
National Minimum Wage.
NLC President Ayuba Wabba disclosed this in an interview with newsmen on
Thursday in Abuja.
It would be recalled that the Federal Executive Council had on May 25
approved the constitution of the National Minimum Wage Committee to
kick-start the process of negotiations for new wage for workers.
“Well the point we are now is that last week we received a letter that
organised labour should actually forward the names of their nominees and
you know we have eight and that we have done and dispatched.
“And what we expect now is the formal inauguration of the committee and
the unveiling of the Chairperson and then the process should start in
earnest with a timeline.
“That is what we expect but I think we have fulfilled all righteousness
by making sure that we are able to submit our team.‘’
Wabba said that organised labour was aware of the situation of the
workers and pensioners in the country, adding that labour would ensure
that workers earn a living wage and pensions.
Wabba, however, called on all strata of government, including the
private sector to be proactive in order for organised labour and workers
not to be pushed to the wall.
“That is the position we are, but I think the fact of the matter is well
known due to the issue of inflation and the high cost of living.
“This is obvious and it is also about respecting our laws and tradition.
If it is said that within a circle of five years, the law must be
reviewed, certainly we must find a way of doing it right.
“I think the bottom line is, none of the parties have said that those
facts we have laid are not logical and nobody has said that the minimum
wage will not be reviewed,’’ Wabba said.
Read more at: https://www.vanguardngr.com/2017/08/minimum-wage-nlc-confirms-submission-nominees-committee/
Read more at: https://www.vanguardngr.com/2017/08/minimum-wage-nlc-confirms-submission-nominees-committee/
Minimum Wage: NLC
confirms submission of nominees for committee
On August 24, 20174:01 pmIn NewsComments
The Nigeria Labour Congress (NLC) says it has submitted the names of its
nominees for the 29 man-committee for the negotiation of the new
National Minimum Wage.
NLC President Ayuba Wabba disclosed this in an interview with newsmen on
Thursday in Abuja.
It would be recalled that the Federal Executive Council had on May 25
approved the constitution of the National Minimum Wage Committee to
kick-start the process of negotiations for new wage for workers.
“Well the point we are now is that last week we received a letter that
organised labour should actually forward the names of their nominees and
you know we have eight and that we have done and dispatched.
“And what we expect now is the formal inauguration of the committee and
the unveiling of the Chairperson and then the process should start in
earnest with a timeline.
“That is what we expect but I think we have fulfilled all righteousness
by making sure that we are able to submit our team.‘’
Wabba said that organised labour was aware of the situation of the
workers and pensioners in the country, adding that labour would ensure
that workers earn a living wage and pensions.
Wabba, however, called on all strata of government, including the
private sector to be proactive in order for organised labour and workers
not to be pushed to the wall.
“That is the position we are, but I think the fact of the matter is well
known due to the issue of inflation and the high cost of living.
“This is obvious and it is also about respecting our laws and tradition.
If it is said that within a circle of five years, the law must be
reviewed, certainly we must find a way of doing it right.
“I think the bottom line is, none of the parties have said that those
facts we have laid are not logical and nobody has said that the minimum
wage will not be reviewed,’’ Wabba said.
Read more at: https://www.vanguardngr.com/2017/08/minimum-wage-nlc-confirms-submission-nominees-committee/
Read more at: https://www.vanguardngr.com/2017/08/minimum-wage-nlc-confirms-submission-nominees-committee/
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