PRESIDENT TINUBU TO SAMSUNG CEO: NIGERIA OFFERS STRONG LIMITLESS VALUE FOR BUSINESS

President Bola Tinubu informed Hong Namkoong, Samsung CEO about the limitless value for business which Nigeria has to offer due to the existing operations on the principle of ‘a willing buyer and willing seller’ for investors in and outside the country.

President Tinubu made this known on Monday at Riyadh in Saudi Arabia, during his meeting with Hong Namkoong, Chief Executive Officer of Samsung and Chairman of Samsung Investment Global, Jungwook Kim.

According to Ajuri Ngalele, Special Adviser to the President on Media and Publicity, Kim, Samsung Chairman, verbally expressed his undivided interest in expanding its presence in Nigeria due to the the successes of their sister companies.

”We have built many power stations around the world. We are top of the class in gas-fired power plant construction. We have an ever-increasing portfolio in the production of renewable energy solutions around the world. We can make a lot of progress in Nigeria’s energy sector as well as bringing our technology to other key productive sectors.

”Transmission lines and smart grids are areas where we see increasing demand globally. You need infrastructure anywhere you go. We are good at metropolitan rail lines; we are good at bridge construction and any of these types of infrastructure projects, in addition to oil and gas engineering projects. We are looking forward to knowing Nigeria better under your leadership and to see how we can penetrate the Nigerian market deeper. This is a great opportunity for us,” Mr. Kim said.

The Special Adviser also informed the public that the President wooed the Samsung CEO, by informing him that Nigeria is a country with large population of youths who are willing to delve into technological advancement.

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