Business Culture Economy Government International

NIGERIA COMMITTED TO STABILIZING DEMOCRATIC SYSTEM, SAYS PRESIDENT BUHARI; THANKS KOREA FOR REHABILITATION OF KADUNA AND WARRI REFINERIES

 

 

President Muhammadu Buhari Thursday in Seoul, South Korea, reaffirmed Nigeria’s commitment to stabilizing the country’s democratic system.

Speaking during his meeting with the Speaker of the National Assembly of the Republic of Korea, Mr. Kim Jin-Pyo, on the sidelines of the World Bio Summit 2022, the President declared that the successes achieved in the recent off-season elections in Anambra, Ekiti and Osun States, confirmed that the people of Nigeria have approved the democratic form of government.

According to him, “We are proud that our patriotic people are given the right to choose who will govern and represent them in the various legislative houses at state and federal levels.”

Recalling his political journey dotted with several attempts and court cases to clinch the Presidency, the Nigerian leader praised the introduction of technology, especially the use of Permanent Voter’s Cards (PVCs) for his eventual success at the polls, while noting that the diversities introduced by the colonial history of Nigeria unlike in Korea, have not made governance easy.

Describing the signing of Memorandum of Understanding (MoU) between the NNPC Ltd and Daewoo Group for the rehabilitation of the Kaduna Refinery which took place shortly before the President’s visit to the Parliament, as “very significant,” the Nigerian President, who noted that “technology transfer is not easy,” expressed appreciation to the Korean government for its generosity in the rehabilitation of both Kaduna and Warri refineries.

He also commended the resourcefulness of the Korean shipping industry, and thanked the host government’s assistance towards the rehabilitation of Nigeria’s infrastructure, describing it as “crucial.”

Declaring that Nigeria was trying to be self-sufficient in many areas due to her huge population so that she can be of help to other countries in the sub-region as well, President Buhari affirmed that good education and health are “very critical and fundamental to our state of development.”

In his words, “We are doing our best to see what government can provide and hope the people appreciate our efforts.”

Earlier in his welcome remarks, the Speaker thanked President Buhari for his first visit to the Korean Parliament and commiserated with Nigeria over the havoc caused by floods.

Describing Nigeria as a “cultural power house” rich in population, natural resources and high GDP, Mr. Jin-Pyo, said the Korean Parliament valued its relationship with Nigeria and loved to see increased “people-to-people” interactions.

He noted that under President Buhari’s leadership, the Republic of Korea was able to grow bilateral trade with Nigeria by 30 per cent last year, and looked forward to expanded trade under the African Continental Free Trade Agreement (AfCFTA) regime.

The Speaker expressed his government’s readiness to assist Nigeria in human capacity building, while requesting for support as Korea planned to host EXPO 2030 in Busam, adding that he believed many Nigerian companies would attend.
He thanked the Nigerian President for addressing the World Bio Summit and commended Nigeria’s choice as a manufacturing hub for vaccines with Korea ready to provide requisite staff training.

According to Mr. Jin-Pyo, “Your visit will serve as a momentum to build on existing bilateral relations and expand to other areas like healthcare while finding ways to fund and provide better life for our peoples and engendering stronger Parliaments.”
Other ranking Parliamentarians in their remarks, praised President Buhari’s personal integrity and firm commitment to the entrenchment of democracy in Nigeria.

Leave a Comment

Your email address will not be published.

You may also like

Announcements Business Culture Economy Technology Technology Trends Telecoms Travels Trends

Airtel Nigeria Spreads Festive Cheer with 10th Edition of “5 Days of Love”

post-image

Airtel Nigeria has brought love and joy to communities nationwide with the successful conclusion of the 10th edition of its annual “5 Days of Love” initiative. The event, which spanned six states, reinforced Airtel’s commitment to giving back and spreading goodwill during the festive season.

This year, over 6,000 people across Lagos, Abuja, Borno, Enugu, Rivers, and Osun experienced the generosity of Airtel’s “Love train,” which made celebratory stops in each state. The initiative featured the distribution of hot meals and refreshing drinks to individuals and families, emphasizing the spirit of togetherness and care that defines the festive season.No alt text provided for this image

A Decade of Giving

Since its…

Read More
Business Culture Economy Investments

Nigeria Needs Industrialists, Not Traders: Efe Obiomah Champions Economic Change

post-image

“Nigeria doesn’t need more traders; it needs more industrialists,” says Efe Obiomah, a Marketing & PR Consultant and Trainer, as she reflects on the country’s economic challenges. Her call to action is not just a critique but a rallying cry for a shift in mindset and priorities.

Efe recalls a defining moment when she decided to leave an alumni WhatsApp group. The group was abuzz with conversations about a celebrity’s extravagant display of wealth at his mother’s funeral. While many applauded his success in supporting importers and traders, Efe took a different stance.

“I argued that Nigeria didn’t need more traders. We needed more Dangotes—people willing to build industries that could transform the economy. But my perspective wasn’t well received,”…

Read More
Business Gadgets Government Investments Opinion

Opinion: Why the NCC’s Telecom Tariff Hike is the Right Call

post-image

By Anthony Emeka Nwosu

When the Nigerian Communications Commission (NCC) announced the upcoming telecom tariff hike, many Nigerians understandably expressed concern. Starting January 2025, call charges will rise from ₦11 to ₦15.40 per minute, SMS from ₦4 to ₦5.60, and a 1GB data bundle will increase from ₦1,000 to at least ₦1,400. Change often comes with resistance, especially when it hits our pockets. But looking closer, this isn’t just about higher prices—it’s about ensuring the survival and growth of an industry that keeps Nigeria connected and moving forward.

For years, telecom operators have been struggling under immense financial pressure. Think about it: MTN Nigeria recorded a jaw-dropping ₦514.9 billion loss in just nine months of 2024. Airtel Africa, another major…

Read More
Business Economy Energy

NNPC Limited Joins OGMP 2.0, Strengthens Global Efforts on Methane Transparency and Net Zero Goals

post-image

 

In a landmark move that underscores its commitment to environmental sustainability and global climate action, NNPC Limited, Nigeria’s national energy company, has officially joined the Oil and Gas Methane Partnership (OGMP) 2.0. This decision is a significant milestone in the company’s strategy to address methane emissions as part of its decarbonisation agenda and achieve net zero methane intensity by 2030.

As a key player in Africa’s energy sector, NNPC Limited recognises the critical importance of methane mitigation in addressing climate change. Methane, a potent greenhouse gas, has a global warming potential over 80 times that of carbon dioxide over a 20-year period. Its reduction is pivotal to slowing the pace of global warming. NNPC’s decision to join OGMP 2.0 demonstrates its proactive approach to tackling methane emissions at the source while setting a standard for accountability and environmental stewardship in the oil and gas industry.

Global Framework for Local Impact
The OGMP…

Read More
Art Business Culture Entertainment

The Perilous Contracts Nigerian Artists Must Navigate By Onyedika Anambra

post-image

The Nigerian music industry is undoubtedly one of the fastest-growing in the world, producing global superstars and chart-topping hits that resonate far beyond the continent. Yet, behind the glitz and glamour lies a dark reality that continues to plague many artists—a cycle of exploitative contracts that rob them of their creativity, autonomy, and, in many cases, financial stability.

The recent ordeals of Seyi Vibez and Shallipopi serve as stark reminders of this grim reality. Seyi Vibez, one of the country’s rising stars, is embroiled in a bitter contractual dispute with Dapper Entertainment. His desire to break free from the label has led to a proposed out-of-court settlement that is nothing short of career-threatening. According to reports, Seyi Vibez would be required to stop releasing music for 13 months—a virtual death sentence in an industry that thrives on consistency and visibility. To compound…

Read More
Business Economy Education

Deborah Paul Enenche: A Bold Inspiration and a Celebration of Motherhood

post-image

 

The arrival of a new life is always a reason for joy, and I extend my heartfelt congratulations to Deborah Paul Enenche on the birth of her baby boy! This milestone is as unique as the woman herself, and it’s inspiring to witness how gracefully she navigated this chapter of her life.

One of the things I deeply respect about Deborah is how she chose to keep her pregnancy private, resisting the common temptation to share every moment on social media. Instead, she revealed those precious moments only after safely delivering her baby—a thoughtful decision that speaks to her wisdom and sense of priority. In today’s oversharing culture, it’s refreshing to see someone protect their journey with such intentionality.

If I’m being honest, Deborah, you looked absolutely radiant while pregnant. That special glow made your beauty shine even brighter. And, of course, your…

Read More
Business Economy Technology Trends Telecoms

NCC: Driving Transformation in Nigeria’s Telecommunications Sector Through Transparency and Innovation

post-image

 

The Nigerian Communications Commission (NCC) has solidified its position as a key pillar of growth, innovation, and stability in Nigeria’s telecommunications industry. Through consistent publication of factual reports and detailed statistics, the NCC has fostered trust, enabled informed decision-making, and empowered stakeholders, including Nigerians, investors, and operators. Its role as an exceptional regulator continues to serve as a benchmark for transparency and efficiency, driving the telecom industry to unparalleled heights.

Empowering Nigerians with Accurate and Actionable Data

The NCC has consistently delivered on its mandate to provide Nigerians with critical insights into the telecommunications sector. Through its quarterly and annual reports, the Commission ensures that Nigerians, whether consumers or businesses, are equipped with reliable data to understand the state of…

Read More
Business Economy Technology Technology Trends Telecoms

Telecom Leadership: NCC Drives Innovation in A2P Messaging with New Regulatory Framework

post-image

 

 

The Nigerian Communications Commission (NCC) has reiterated its commitment to fostering a fair, secure, and competitive telecommunications ecosystem within Nigeria and the broader ECOWAS region. This commitment was underscored during the Virtual Stakeholders’ Forum on the Draft A2P Licensing Framework, where Mrs. Chizua Whyte, Acting Head of Legal & Regulatory Services at the NCC, delivered the welcome address on behalf of the Executive Vice Chairman/CEO, Dr. Aminu Maida.

The forum brought together stakeholders from across the telecommunications value chain to deliberate on the proposed framework for regulating Application-to-Person (A2P) messaging services. A2P messaging is a cornerstone of modern communication, enabling businesses, governments, and organizations to send SMS notifications directly to consumers. It is widely used for transactional alerts, promotional campaigns, and essential public service updates.

A2P Messaging: The Backbone of Digital Transformation

In her address, Mrs. Whyte highlighted the critical role A2P messaging plays in the digital landscape. She described it as…

Read More