South Africa is doubling down on its commitment to stronger economic ties with Nigeria, with a focus on trade and investment opportunities, President Cyril Ramaphosa said Tuesday at the 11th SA-Nigeria Bi-National Commission.
Why it matters
Nigeria is South Africa’s largest trading partner in West Africa. Strengthening bilateral trade could unlock new opportunities for businesses in both nations.
What he’s saying
- Ramaphosa called for more Nigerian products in South African markets and urged Nigerian companies to invest in South Africa.
- “We want to see Nigerian products on the shelves of South African shops,” he said, emphasizing South Africa’s efforts to improve its business environment.
What’s new
- A five-year multiple-entry visa will now be available to qualifying Nigerian businesspeople to encourage trade and investment.
- Nigerian tourists can also apply for visas without submitting their passports, a move aimed at boosting tourism and reducing bureaucracy.
The big picture
- South Africa hosts numerous Nigerian businesses, and Nigeria has been home to several South African companies, highlighting the reciprocal nature of the relationship.
- The partnership is rooted in a shared history, with Nigeria playing a significant role in the fight against apartheid.
What’s next
- Ramaphosa stressed the need to implement decisions from previous Bi-National Commissions to deepen co-operation in key areas.
- As the two countries mark 30 years of diplomatic ties, Ramaphosa said the future looks bright for this bilateral relationship.
Source: Times Live
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