Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, says Nigeria and South Africa have operationalised a joint ministerial advisory council to boost trade and investment.
In a statement on X on Wednesday, Onanuga said the activation took place at the Nigeria-South Africa Business Roundtable on Tuesday in Cape Town, South Africa.Onanuga said South African President Cyril Ramaphosa reiterated the full operationalisation of the council launched during his state visit to Nigeria in 2021.According to the statement, the council’s aim is to address trade and investment challenges, foster policy alignment.
“Through the Council, we hope to ensure the efficient resolution of trade- and investment-related challenges,” Ramaphosa said.Ramaphosa called for diversification of the joint partnership between the two nations beyond oil and gas.“We need to diversify our trade to ensure a mutually beneficial partnership.
“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,” the statement reads.“President Tinubu assured that Nigerian officials would continue collaborating with their South African counterparts to facilitate the implementation of the agreed mandates under the Bi-National Commission.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Tinubu Heads to South Africa for Nigeria-South Africa Bi-National Commission, Amidst Domestic ChallengesPresident Tinubu is set to lead Nigeria's delegation to the 11th Nigeria-South Africa Bi-National Commission in Cape Town. The trip comes amidst criticisms of Nigerian lawmakers and reports of disinformation in Kaduna.
Read more »
Nigeria, South Africa operationalise advisory council to boost tradePresident Cyril Ramaphosa disclosed the decision on Tuesday in Cape Town, South Africa, at the Nigeria -South Africa Business Roundtable.
Read more »
Obi: Nigeria suffers power outages despite struggling to generate 10% of South Africa's electricityPeter Obi, the presidential candidate of the Labour Party (LP) in the 2023 elections, says Nigeria is struggling to generate and distribute 10 percent of electricity produced in South Africa, yet Nigerians continue to endure daily power outages.
Read more »
President Tinubu Heads to Cape Town for Nigeria-South Africa Bi-National CommissionPresident Bola Tinubu will travel to Cape Town on December 3, 2024, to co-chair the 11th session of the Nigeria-South Africa Bi-National Commission meeting with President Cyril Ramaphosa. The meeting, which marks the 25th anniversary of the commission, will cover bilateral, regional, and international issues.
Read more »
President Tinubu Expected to Leave France for Nigeria-South Africa Bi-National CommissionNigerian President Bola Tinubu is set to depart from France for Cape Town, South Africa, to co-chair the 11th session of the Nigeria-South Africa Bi-National Commission with President Cyril Ramaphosa. The summit, scheduled for December 3, will address various issues of mutual interest following a ministerial meeting on December 2.
Read more »
11th Nigeria-South Africa Bi-National Commission meeting opens in Cape TownKey areas under discussion include trade and investment, political consultations and consular and migration matters.
Read more »