By Akinsuroju Olubunmi
Tech investment opportunities discussed in meeting with Tinubu and Samsung
Nigeria’s potential for tech investment was highlighted by President Bola Tinubu during a meeting with Samsung executives in Riyadh, Saudi Arabia. Tinubu emphasized the country’s absorptive investment environment and praised Nigerian youths for their proactive approach to success, urging for increased opportunities for them to excel.
Speaking on collaboration opportunities, Tinubu outlined the potential for investment within the Renewed Hope Infrastructure Development Fund, particularly in critical infrastructure and technology sectors. He stressed the importance of private sector participation in areas such as renewable energy, engineering, technology, and agriculture.
Samsung Chairman Jungwook Kim expressed the company’s interest in expanding its presence in Nigeria, citing past successes and exploring new opportunities. He highlighted areas of potential investment such as power stations, renewable energy solutions, and infrastructure projects.
Nigeria’s trade relationship with South Korea has been steadily growing, with bilateral trade reaching $1.73bn in 2023. The countries have expressed mutual interest in further expanding trade relations, particularly in agriculture and manufacturing sectors.
Tech Investment opportunities , Collaboration
(Tech Investment and Collaboration)