The Speaker of the House of Representatives, Abbas Tajuddeen, has sought more investment by Korean companies in Nigeria, especially in the energy and mining sector.
According to a statement by his Special Adviser on Media and Publicity, Musa Abdullahi Krishi, he made the call in Abuja when he received a delegation from the South Korean Embassy to Nigeria and the 21st National Assembly of the Republic of South Korea visited him at his office in Abuja on Tuesday.
The visit was to seek Nigeria’s support for the Asian country’s World Expo 2023 hosting bid.
In his remarks, the speaker expressed delight over the visit and reiterated the long-standing relations between Nigeria and South Korea resulting in different exchange of parliamentary programmes since Nigeria’s return to democracy in 1999.
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He said, “There was a mutual understanding to initiate a treaty against double taxation on the businesses of both Nigeria and South Korea which, though passed by the National Assembly, was not assented to by the then president of Nigeria.
“The 10th House of Representatives will revisit the bill on double taxation to remove obstacles mitigating against smooth investments in both our countries.
“The 10th House has also reconstituted the Nigeria-Korea Friendship Group to broaden our parliamentary relations and promote mutual understanding and cooperation in the areas of capacity development and investments.
Hon. Lee Hun-Seung, who led members of the Korean parliament, commended the Speaker for welcoming them with open arms.
He said, “We have a purpose for this visit. The Speaker of the National Assembly of South Korea sent us to ask for your assistance to successfully host the World Expo in Korea.
“If you help us we will also help you,” he said, adding that he was looking forward to a strengthened collaboration between South Korea and Nigeria.”
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