South Korea’s Asia Economic Development Committee (AEDC) proposed a partnership with Nigeria to support solar equipment production and electric vehicle manufacturing. Vice-President Kashim Shettima welcomed the proposal during a courtesy visit by AEDC Chairman Yoon Suk-hun to the Presidential Villa. Shettima emphasized Nigeria’s commitment to industrial growth and openness to partnerships that transfer technology, particularly in renewable energy and automotive sectors.
Vice-President Shettima praised South Korea’s contributions to Africa, particularly in technology and human capital. The AEDC also proposed supporting Nigeria’s security infrastructure with advanced IT systems, aligning with the government’s goal of a secure, business-friendly environment. AEDC Chairman Yoon Suk-hun highlighted the committee’s interest in Nigeria’s potential and leadership vision, focusing on long-term technology transfer and capacity building in sectors like solar energy, electric mobility, and digital security.
In March 2025, the Nigerian government announced plans to introduce mass electric vehicle transportation in the North-East, with N151.9 billion in contracts approved by the Federal Executive Council. Funded by the North East Development Commission, the project includes electric buses, tricycles, and charging infrastructure, supporting the shift to clean energy. If successful, partnerships like the one with AEDC could boost local EV and solar manufacturing, reduce import dependence, and foster long-term technology transfer.
