The African Union Development Agency, New Partnership for Africa’s Development, AUDA-NEPAD says it would collaborate with South Korea to enhance economic growth in Nigeria.

AUDA-NEPAD National Coordinator, Gloria Akobundu in a report entitled:“Good Governance: A Prerequisite for Development”, in Abuja, said the collaboration was part of efforts to actualise the agency’s mandate.

AUDA-NEPAD was initiated by the Heads of States of Nigeria, Algeria, Egypt, Senegal and South Africa of the then Organisation of African Unity, OAU now AU.

The body was adopted at the 37th session of the Assembly of the Heads of States in July 2001, with the aim of providing policy framework for accelerating economic co-operation and integration to address issues of under-development among others.

In his response, South Korean Ambassador, Lee Tae said his country was seeking co-operation with Nigeria in the area of technology, development centres, capacity building and agro-allied industries in Nigeria. He expressed willingness to collaborate with Nigeria through AUDA-NEPAD’s programmes in promoting indigenous products with local manufactures to create employment.