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International Diplomacy: Korea Africa Summit OpensNew Vista in Multilateral Relations -Launches Critical mineral Initiatives -Pledges $10 billion in development aid for Africa -AfDB commends Korea as development accelerator in Africa

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By George Mgbeleke

Korean and Africa leaders attends the inaugural Korea Africa summit commits to “Critical Minerals Initiative”aimed at fostering sustainable development in Africa writes, Yucee Uwah and Emman Ozoemenawith agency reports.

The inaugural Korea-Africa summit 2024 held June 4 to 5, 2024 atKINTEX in Ilsan, north of Seoul, South Korea with African leaders pledging to scale trade relations and development aid to an all-time high.

The leaders adopted a joint declaration on boosting trade and investment, cooperation in critical minerals and development projects, and collaboration on the global stage.

South Korean President Yoon Suk Yeol and Africa leaders representing 48 African countries agreed on Tuesday, June 5 2024 to forge deeper trade and investment cooperation, when it agreed on a new agenda“critical minerals dialogue” aimed at fostering sustainable development of the continent’s resources.

The summit, the first in the history of Korea Africa relations of over 60 years, since Korea opened diplomatic and trade relations with African countries is coming in the heels of increasing call for deepening trade and development aid between Korea and Africa.

As the host of this auspicious summit, South Korea President Suk Yoel said
“The Critical Minerals Dialogue launched by South Korea and Africa will set an example for a stable supply chain through mutually beneficial cooperation and contribute to sustainable development of mineral resources around the world,” Yoon said in his closing remarks.

“Korea is scaling relations with Africa across broad spectrum of sectors in response to emerging opportunities.

Hosting a first-ever summit with the leaders of 48 African nations, Yoon said South Korea would increase development aid for Africa to $10 billion over the next six years as it looks to tap the continent’s rich mineral resources and potential as a vast export market.

He also pledged to offer $14 billion in export financing to promote trade and investment for South Korean companies in Africa.

South Korea is one of the world’s largest energy buyers and is home to leading semiconductor producers. It is also home to the world’s fifth-largest automaker, Hyundai Motor Group, which is making a push for electrification.

Partnering with Africa, which has 30% of the world’s reserves of critical minerals including chrome, cobalt and manganese is crucial, Yoon’s office has said.

In a joint declaration issued by South Korea, the African Union (AU) and its member nations, the leaders pledged to speed up talks for economic partnership agreements and trade and investment promotion frameworks.

They also called for advancing cooperation for Africa’s food security with South Korea’s support with agricultural technology and smart farming.

African leaders welcomed the South Korea’s “Tech4Africa” initiative aimed at supporting the education and training of Africa’s young population.

AU Chairperson and Mauritanian President Mohamed Ould Ghazouani, at a joint news conference with Yoon, said African countries were looking to learn from Korea’s experience in developing human resources, industrialisation, and digital transformation.

Vast and Fast Growing Market

Yoon said 33 heads of state participated in the summit. This huge
attendance is significant in view of the emerging efforts consolidate the existing trade relations, investment opportunities as well as expanding opportunities in relations between Korea and Africa.

Yoon has proposed “shared growth” as a pillar of cooperation with the continent and said the leaders agreed to expand trade and investment by establishing institutional frameworks to facilitate them.

By reaching out with offers to help with industrial infrastructure and digital transformation, South Korea is trying to tap into a vast and fast-growing market that is home to 1.4 billion people, the majority of whom are 25 or younger.

The joint declaration said the leaders recognised the instability of global supply chains, and that future industries increasingly depended on the stable supply of mineral resources.

“In this context, we agree to launch the Korea-Africa Critical Minerals Dialogue during this summit which will serve as an important institutional foundation for enhancing cooperation between Korea and Africa,” it said.

Park Jong-dae, a former South Korean ambassador to South Africa and Uganda, arguedthat Western and Chinese models of development had failed African nations, and South Korea offered a valuable alternative path.

“The essence of the Korean model of development cooperation is human development, and about management, rather than about provision of assistance per se,” he said.

“Korea has the experience and know-how of development … while many African countries have immense possibilities for development based on yet to be explored, untapped resources and endowment, and dynamic young population,” he said.

On Wednesday, South Korean business leaders hosted a business summit focused on investment, industrial development, and food security.

Yoon separately held talks with 25 leaders on the sidelines of the summit, his office said.

Yoon agreed with the leaders of Tanzania to provide $2.5 billion concessional loans and Ethiopia for $1 billion financing to go to infrastructure, science and technology and health and urban development.

Additionally, Kenyan President William Ruto disclosed that South Korea would provide $485 million concessional development funding.

African Development Bank Commends Korea

In an address to delegates at the summit, the African Development Bank (AfDB)President, Adewunmi Adesina commended Korea’s inspiring and determined development journey, that transformed “a poor and aid-dependent country” into “one of the largest donor countries in the world.”

Adesina highlighted the deep relationship between Korea and the Bank, starting from 1982 when Korea became a member of the Bank. Since then, he said, Korea “has contributed close to $795 million to the Bank, the African Development Fund and the Korea Trust Fund.”

“You are investing in the right institution: the African Development Bank,” he declared.

Rwanda’s President Paul Kagame said Korea’s experience shows a country can be radically transformed in the course of a generation. “Is there any reason Africa hasn’t become a high-income region?” he posed.

The United Republic of Tanzania President, Samia Suluhu Hassan called for investment in clean cooking agenda as part of the just energy transition. She said investment in clean cooking will lower emissions, deforestation and respiratory diseases that affect especially women and children.

“We are working with Dr Adesina (President of the African Development Bank) to fundraise for this agenda,” she said.

President William Ruto publicly acknowledged the African Development Bank’s financial innovations. He told Korea to consider channeling some of the SDRs through the African Development Bank.

Mapping the future

According to the summit organizers, 33 African heads of state and government participated at the summit, while 48 African countries had their delegations at the summit.

Over the years, Korea continues to scale up its trade relations and investment across Africaas well as the official development aid (ODA) portfolio, which supports sustainable livelihood for millions of peoples in Africa providing them accessto clean and renewable energy, agriculture productivity, technology, and skills for women and youth.
The Republic of Korea will commit $14 billion in export financing to support Korean companies investing in Africa while increasing its official development assistance (ODA) to $10 billion by 2030.

Analysts express optimism that the commitments by the leaders will drive development and prosperity in Africa and Korea that will be mutually beneficial to all partners involved in this multilateral agreements.

Politics

Osun Decides: Stakeholders Set for Citizens’ Town Hall to Promote Credible Poll*

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INEC Chairman,Prof Joash Amupitan

By David Owei

As the August 15, 2026 Osun State Governorship Election enters its final 21 days, the Civil Society Network on Election Integrity will convene a Citizens’ Town Hall on the Osun Off-Cycle Governorship Election on Sunday, July 26, 2026.

The Network comprises the Nigerian Women Trust Fund (NWTF), ElectHER, TAF Africa, The Kukah Centre, International Press Centre (IPC), Centre for Media and Society (CEMESO), and YIAGA Africa.

The town hall is a non-partisan platform for dialogue between citizens and key electoral institutions towards strengthening public confidence and reinforcing electoral integrity.

Participants will include election management officials, security agencies, traditional and religious leaders, civil society organisations, youth and women groups, organisations of persons with disabilities, media practitioners and citizens from across Osun State.

Running from 4pm to 7pm at Adolak Event Hall, Osogbo, the Town Hall will feature physical participation by invited guests only and will be broadcast live on ARISE Television, NTA, AIT and the Osun State Broadcasting Service, with livestreaming on the official YouTube channels of participating broadcasters and additional coverage by radio stations, newspapers and digital media platforms.

The Resident Electoral Commissioner for Osun State, Mrs. Olutoyin Babalola, and the Commissioner of Police, CP Ibrahim Gotan will lead discussions on election preparedness and election security. They will be joined by representatives of women and persons with disabilities, while representatives of the Osun State Council of Traditional Rulers and faith-based organisations will deliver goodwill messages.

Citizens participating both physically and online will have the opportunity to engage directly with key electoral stakeholders, interrogate critical issues relating to preparations for the governorship election and advance recommendations to ensure the transparency and credibility of the process.

Chairman of the Planning Committee and Executive Director of the Centre for Media and Society, Dr. Akin Akingbulu, said the Town Hall reflects the Network’s commitment to strengthening electoral governance through inclusive citizen engagement.

“Electoral integrity depends on informed citizen participation, institutional transparency and sustained multi-stakeholder engagement. The Citizens’ Town Hall provides a structured platform for constructive dialogue that strengthens public trust and reinforces collective accountability in the conduct of the governorship election.”

The Co-Chair of the Planning Committee and Executive Director of the International Press Centre, Mr. Lanre Arogundade, said the Network views citizen engagement as critical to safeguarding electoral credibility.

“The quality of an election is determined not only by institutional preparedness but also by the extent to which citizens are able to engage the process in an informed and meaningful manner. This Town Hall provides an accountability interface between citizens and electoral stakeholders, helping to strengthen transparency, public confidence and the integrity of the electoral process.”

The Osun Citizens’ Town Hall builds on a series of citizen-focussed initiatives by the Network across Nigeria. The initiative commenced with a national dialogue on the Electoral Act 2026 in Abuja on March 1, 2026, before progressing to Ekiti State on May 24, 2026 ahead of the Governorship Election of June 20, 2026, the first conducted under the Electoral Act 2026. The Osun edition seeks to consolidate these gains through inclusive dialogue, institutional accountability and informed participation of citizens.

The Civil Society Network on Election Integrity is a coalition of leading Nigerian civil society organisations working to promote credible, peaceful, inclusive and transparent elections. Through citizen engagement, policy advocacy and multi-stakeholder collaboration, the Network advances electoral integrity, democratic accountability and public confidence in Nigeria’s electoral processes.

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Stop “Ghosting” And Fix Pension Crisis, Build On Reforms We Started-Atiku tells Tinubu

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Alhaji Atiku Abubakar

By Our Correspondent

Presidential flag bearer of the African Democratic Congress,( ADC), and former Vice President, Atiku Abubakar, has faulted President Bola Ahmed Tinubu’s claims on the Federal Government pension backlog as “unnecessary ghosting and futile political shadow chasing.”
Atiku in a statement by his media office on Friday, described the President’s remarks to visiting Northeast stakeholders led by Governor Babagana Zulum as an attempt to blame the Obasanjo/Atiku administration for problems it solved almost two decades ago.Offi e
“Both President Tinubu and his inept APC administration should seek more knowledge about good governance and developmental communication,” the statement said, adding that “Government is a continuum. A successor must inherit assets and liabilities.”
Atiku’s office recalled that when the Obasanjo/Atiku government took over in 1999, it inherited a broken, unfunded and non-contributory Defined Benefits Scheme with an estimated liability of over ₦2 trillion, about 25% of GDP at the time.
According to the statement, instead of blaming predecessors, the administration enacted the Pension Reform Act of 2004 and established the National Pension Commission, PenCom, leaving behind a fully funded, privately managed Contributory Pension Scheme when it exited in 2007.
The old Pay-As-You-Go model, the statement noted, depended on annual budgetary allocations that were grossly underfunded. It noted that the system created massive arrears, ghost pensioners, data inaccuracies and bureaucratic delays, while most private sector workers had no coverage at all.
“Under the reforms, the Obasanjo/Atiku government introduced mandatory contributions by both employers and employees into individual Retirement Savings Accounts, RSAs. It also institutionalized Pension Fund Administrators, PFAs, to manage investments and Pension Fund Custodians, PFCs, to safeguard assets.”
The Atiku Media Office said the reforms stopped the accumulation of new un-backed pension debts and created the foundation for Nigeria’s pension assets, which have since grown into tens of trillions of naira. It accused Tinubu of failing to acknowledge that structure.
The statement further said the Obasanjo/Atiku administration laid the groundwork for the liberalization of the economy, including paying off foreign debt and creating enabling environments in banking, telecoms, hospitality and other sectors.
Atiku advised the President to focus on current challenges, adding, “Tinubu should focus on resetting the salient issues of hunger and anger in the land, caused by unabated insecurity, mass youth unemployment, a broken economy and the destruction of our political fabric,” the statement concluded.

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Enugu Air: Gov. Mbah Reacts to Runway Incident, Says Safety Non-negotiable

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Enugun Air hanger at Akanu Ibiam international Aieport

By Our Correspondent

Following recent Enugu Air crash in Benin, Enugu State,governor, Dr. Peter Mbah, has reacted to Thursday’s runway incident involving the state-owned airline, Enugu Air, at Benin Airport, empathizing with the passengers and crew members over the traumatic experience.

Mbah, in a statement he personally signed, commended the aviation authorities for immediately initiating an investigation into the incident, saying that, for Enugu Air, safety remained non-negotiable.

In the statement made available to newsmen on Friday, the governor said, “The Enugu State Government is aware of the runway excursion incident affecting Enugu Air, Embraer E170, Flight 4264, operating until the Benin Airport from Lagos on Thursday, July 23, 2026.

“The government empathizes with the 63 passengers and five crew members on board the aircraft over the traumatic experience and is thankful to God that no life was lost and no injuries have so far been reported.

“The government commends the swiftness of the Nigerian Safety Investigation Bureau (NSIB) in embarking on the ongoing investigation to determine the circumstances and factors that may have led to the incident. The government will ensure the full cooperation of its going concern, Enugu Air, with the investigation and regulatory authorities.

“While the outcome of the investigation is awaited, the government assures the public that the operations of Enugu Air are guided by the highest safety standards. The airline is founded on a corporate culture that places safety above profit and schedule, and its quality assurance and quality control systems stipulate a safety threshold that is considerably higher than the industry benchmark.

“This accounts for the growing confidence and patronage the airline has continued to enjoy from both passengers and industry stakeholders. Enugu Air will therefore continue to serve its teeming customers and abide by its utmost commitment to safety, professionalism, and a sense of hospitality.”

He thanked Nigerians for their support following the incident, as many continued to relive their pleasurable experiences flying the airline.

“The Enugu State Government wishes to express its profound gratitude to Nigerians for the outpouring of solidarity since the unfortunate incident. Quite uncommonly, Nigerians have continued to share their positive experiences with Enugu Air since it was launched a year ago. This matters so much to us as a government at this time,” he concluded.

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