FCTA and Daewoo Seeks Collaboration for Development

FCTA and Daewoo Seeks Collaboration for Development

The Federal Capital Territory’s Minister, Barrister Nyesom Wike, has expressed a desire for the FCT Administration to collaborate with South Korean company, Daewoo Engineering and Construction, for the development of Nigeria’s capital.

In a statement from the Minister’s Office by Director of Press Anthony Ogunleye, Wike made this disclosure when he received Chairman WonJu Jung during his courtesy visit in Abuja on Thursday, November 16th.

Wike noted that Nigeria and South Korea have always had an excellent relationship and expressed interest in continuing this partnership by collaborating with Daewoo in any area of mutual interest.

Speaking about Nigeria’s friendly investment climate, Barrister Wike disclosed that President Bola Ahmed Tinubu’s administration has taken steps to remove bottlenecks allowing investors to come into the country.

He emphasized that FCT Administration prioritizes working towards realizing President Tinubu’s eight-priority agenda while assuring readiness to provide a conducive environment for Daewoo investments within its territory.

The FCT Minister stated: “For the FCT, we are willing to cooperate with Daewoo in whichever area you want us to partner – whether it be automobiles or skill acquisition – anything that will expand our economy.”

“The present administration is business all the way,” he continued. “Anything that opens up our economy or encourages job creation is what we’re here for.”

Barrister Wike also informed attendees at their meeting about his concretization policy: agreeing on something practical rather than making general statements about intent which may not be pursued further.

Earlier in his remarks during their meeting was Chairman WonJu Jung who noted how outstandingly well-established relationships between Nigeria and DAEWOO had been spanning over 45 years.

 He added how thrilled they were exploring opportunities available through investing within Abuja under Barrister Wike’s leadership as it presents great potential.

Jung said he would like continuous positive relations between Nigerian construction companies and DAEWOO construction so both countries can maintain bright futures together.

Also attending were Honorable Minister Senator Heineken Lokpobiri; Executive Vice President Seung Han; MD TaeWon Jung; Country Chairman Chief Joseph Penawou; Steve Ko Executive Director (Technical) along with others from DAEWOO E&C.

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