The Republic of Korea has pledged to continue effective collaboration with Nigeria to ensure the nation attains its economic development goals.
The Ambassador said the ceremony envisages the bright future that the two great nations will continue to build together, particularly in the area of economic and developmental cooperation. With that vision in mind, he said Korea has abundant developmental knowledge and experiences to share with Nigeria.
According to Intae, “The Knowledge Sharing Programme represents what Korea has to offer the world. Once a poverty-stricken-country, the Korean people have built one of the most thriving market economies. Korea now also boasts the 11th largest economic growth country in the world.
In her remarks, Acting Director General of SEC, Mary Uduk, expressed appreciation to the government of the Republic of Korea on the programme, saying it will assist greatly in developing the derivatives market in Nigeria.
Uduk said the country will not have a viable derivatives market without building the capacity of the regulator and other stakeholders, adding that the KSP will provide an opportunity to further develop the capital market in Nigeria.
The Acting DG also disclosed that the Commission will welcome any collaboration with the Republic of Korea to drive to digitalize operations in the Commission and the market.
‘The entire capital market is embracing financial technology and here at the SEC we are working on automating our processes to improve our regulatory work and we are open to collaborations to make this happen”. She added.