In a major boost to Nigeria’s renewable energy ambitions, South Korea’s Asia Economic Development Committee (AEDC) has proposed a landmark partnership focused on solar technology and electric vehicle (EV) manufacturing in Africa’s most populous nation.
The proposal, presented during a high-level meeting with Vice President Kashim Shettima at the Presidential Villa in Abuja, represents a significant advancement in the Tinubu administration’s efforts to attract foreign direct investment and diversify Nigeria’s energy and automotive sectors.
“This government wants to be a facilitator for businesses to thrive,” Shettima assured the South Korean delegation led by Chairman Yoon Suk-hun. “We will create a safe passage and a conducive environment for private enterprises like yours. Nigeria is ready not just for trade, but for transformation.”
The AEDC has expressed readiness to invest in Nigeria’s emerging green economy with a focus on renewable energy, electric mobility, and smart security infrastructure. Chairman Suk-hun emphasized that their approach centers on technology sharing rather than immediate profit.
“Our aim is not just investment, it is technology sharing,” Suk-hun said. “We see enormous potential in Nigeria, from your youthful population to your raw materials. This is the right time, and Nigeria has the right leadership.”
Beyond energy and transportation, the AEDC also proposed deploying advanced information technology to support Nigeria’s internal security architecture. The partnership could potentially position Nigeria as a regional hub for electric mobility and renewable energy innovation in sub-Saharan Africa.
Source: Oriental News Ng
