President Cyril Ramaphosa disclosed the decision on Tuesday in Cape Town, South Africa, at the Nigeria -South Africa Business Roundtable.
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At the event attended by business leaders, government officials, and trade stakeholders, President Tinubu expressed commitment to address issues discouraging South African investors from growing their businesses and franchises in Nigeria and called on South Africa to reciprocate by allowing Nigerian companies to operate and flourish in South Africa.
President Tinubu said Nigeria is undergoing very stringent positive economic reforms to serve the people of Nigeria and bring prosperity to Africa.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.“The reforms have begun to see the light of the day. You have no better investment than in Nigeria. You cannot earn better on your investments elsewhere except in Nigeria,” he said.
He acknowledged the strategic importance of both nations in their respective regions and the need to diversify trade relations to move beyond oil and gas dependency. At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.
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