Nigeria-South Korea ‎trade volume rises above $4b

*The NLNG's Kudo Eresia-Eke and the South Korean team.

*The NLNG’s Kudo Eresia-Eke and the South Korean team.

Kunle Kalejaye

Nigeria-South Korea trade and bilateral relationship have continued to grow since the formal establishment of ties in 1980 as ‎the recent volume of trade between both countries have risen above four billion US dollar‎.

Nigeria Liquefied Natural Gas, NLNG’s General Manager, External Relations, Dr. Kudo Eresia-Eke stated this when NLNG presented the secret of its Corporate Social Responsibility, CSR programme success to South Korea Embassy.

Eresia-Eke added that Nigeria has also become South Korea’s 52nd largest export market and its 30th biggest source of imports.

‎Commenting on NLNG’s CSR programme, Eresia-Eke said the company gave a presentation on its model of CSR to the business community of South Korea Embassy in Nigeria base on request.

‎He explained that the invitation of the Embassy was inspired by the impact of NLNG’s efforts in improving the lives of its host communities and numerous other stakeholders in the country.

“The main secret to the company’s CSR success was its commitment to being a trusted partner with all its stakeholders for the sustainable development of Nigeria and its host communities,”Eresia-Eke said.

He also attributed NLNG’s success to its corporate values of Integrity, Excellence, Teamwork, and Caring, especially the company’s ability to listen to the stakeholders, learn from them, be fact-based, think sustainability and put the people and country first in all its CSR considerations.

Dr. Eresia-Eke said, “We are pleased for the opportunity to present our CSR model to the leadership of the Korean Embassy and the business community. We view the invitation to do so as a welcome recognition of the unique and effective projects we run in the communities and elsewhere as part of our corporate vision of a global LNG company helping to build a better Nigeria.”

Dr. Eresia-Eke illustrated with some of the company’s programs/projects including sponsorship of the literary and science prizes in Africa, The Nigeria Prize for Science and The Nigeria Prize for Literature which come with cash prize of $100,000 each; the $12 million University Support Programme through which it is implementing the construction and equipping of engineering laboratories in six selected Nigerian universities drawn from the country’s geopolitical zones, to mention a few.

The General Manager also paid tributes to NLNG’s host communities for their support and cooperation in providing the conducive environment for the company to do business and actualise its CSR initiatives.

The Korean Ambassador to Nigeria, His Excellency, Noh Kyu-duk, who led the delegation of top Korean diplomats and senior executives of the major Korean companies in Nigeria commended the CSR work of the company and thanked the company for honoring its invitation.

Korean companies represented at the presentation included Samsung, Daewoo, Hyundai, and Korean Energy Management Company Limited (KEMCO).

About the Author