The President of South Africa, Cyril Ramaphosa, will be visiting Nigeria’s President Muhammadu Buhari, to discuss bilateral and global issues among the two countries.
President Ramaphosa is expected in the country from July 10-11, 2018 and he will be participating in the 2018 Annual Meeting and 25th Anniversary Celebrations of the African Export-Import Bank (Afreximbank).
While in Nigeria, it is expected that the two Presidents will discuss a wide range of bilateral, continental and global issues of common concern. Peace, stability and continental integration will feature prominently in their discussions.
Formal relations between South Africa and Nigeria have been conducted through the Bi-National Commission (BNC), established in 1999 as a structured bilateral mechanism to promote political, economic, social, cultural, scientific and technical cooperation between the two countries.
The BNC has over the years deepened and solidified the relations between the two countries, and laid the foundation for increased bilateral political and economic cooperation.
Bilateral cooperation has been enhanced over the years to the extent that there are thirty-four (34) signed bilateral agreements between the two countries which cover various areas such as arts and culture, education, agriculture, trade and investment, mining, defence, policing, immigration, taxation, science and technology, health, tourism, environment and energy amongst others.
South Africa and Nigeria also enjoy strong economic cooperation demonstrated by the increasing trade and investment flows between the two sister Republics.
There are over 120 South African companies currently doing business in Nigeria in various sectors, mainly in telecommunications, banking, retail, hospitality, mining, tourism, agriculture and construction and tourism.
Some of the South African companies that have invested in Nigeria include MTN, Multichoice, Stanbic Bank, Shoprite Checkers, South African Airways, Sasol and Bon Hotels, to mention a few.
President Ramaphosa will be accompanied by the Ministers of Defence & Military Veterans; Energy, Police and Deputy Minister of Trade & Industry.
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