SA and Nigeria Strengthen Trade Ties

South Africa and Nigeria are working to strengthen their economic collaboration and trade relations, marking a significant step in their 30-year diplomatic partnership. International Relations and Cooperation Minister, Ronald Lamola, and Nigerian Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, co-chaired the Ministerial Meeting of the Bi-National Commission (BNC) in Cape Town on 2 December.

Minister Lamola emphasised the importance of elevating trade and investment between the two countries, stating that their large economies present vast opportunities for economic collaboration. “One of the overriding imperatives of our bilateral relations is the need to increase our investment and trade relations to higher levels. Our bilateral trade needs to reflect the enormous potential that is abundant in our countries,” Lamola remarked.

To achieve this, both nations are prioritising bankable projects in sectors such as infrastructure development and exploring opportunities within the African Continental Free Trade Area (AfCFTA). The aim is to create a robust framework that enhances economic cooperation and benefits the people of both nations.

Beyond trade, Lamola highlighted the need to strengthen people-to-people relations to foster understanding and shared values. This includes promoting tourism, cultural exchanges, education, science, and creative industries. “This will allow our citizens to appreciate the rich tapestry of diverse cultures and heritage that exists in our respective countries,” he added.

The BNC session also reviewed the progress made on decisions from previous meetings and addressed pressing continental and international issues. Lamola acknowledged Nigeria’s longstanding commitment to peace and diplomacy, particularly through its leadership in the Economic Community of West African States (ECOWAS).

“Nigeria, like South Africa, puts a high premium on the promotion of dialogue and peace in resolving disputes among countries. Their track record highlights the supremacy of diplomacy over confrontation,” he said.

The meeting underscored shared concerns about peace and security challenges on the continent and globally. Lamola expressed alarm over the fragility of the international system, emphasising the need to reinforce multilateralism and pursue United Nations Security Council reforms to make it more inclusive.

Lamola also assured Nigeria of South Africa’s dedication to prioritising African developmental agendas during its Group of 20 (G20) Presidency, which began on 1 December.

The BNC Ministerial Meeting set the stage for the 11th Session of the commission, co-chaired by President Cyril Ramaphosa and Nigerian President Bola Ahmed Tinubu on 2 December. Both leaders are expected to build on the discussions to solidify bilateral relations and address mutual priorities.

This strengthened partnership reaffirms the historical ties between South Africa and Nigeria, aiming to achieve sustainable growth and development for both nations.