Nigeria and South Africa Enhance Bilateral Cooperation in Mining and Trade

Nigeria is actively seeking to strengthen ties with South Africa focusing on infrastructure and mining capacity development. The commitment was highlighted during the 11th session of the Nigeria-South Africa Bi-National Commission in Cape Town, where discussions on trade, investment, and collaboration were underscored, marking the commission’s 25th anniversary. Key ministers from both nations emphasized the need for intensified economic cooperation and the benefits of partnership.

Nigeria has expressed its eagerness to strengthen its strategic partnership with South Africa, particularly regarding infrastructure development and enhancing the capacity of the mining sector. This intent was articulated by Bianca Odumegwu-Ojukwu, Nigeria’s Minister of State for Foreign Affairs, during the opening of the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) in Cape Town. Odumegwu-Ojukwu revealed that Nigeria is formulating a draft Memorandum of Understanding (MoU) aimed at collaborating with South Africa to enhance the certification and professional development of Nigerian mining geologists and other related professionals.

The minister highlighted, “Nigeria is prepared to explore new vistas of cooperation with the Republic of South Africa in various fields. Apart from exploring opportunities in co-financing infrastructure projects that benefit our economies, we are seeking collaboration in enhancing the global competitiveness of our mining professionals.” The ministerial session, co-chaired by Odumegwu-Ojukwu and Roland Lamola, South Africa’s Minister of International Relations and Cooperation, serves as a precursor to the presidential discussions expected to occur on Tuesday.

Presidents Bola Tinubu of Nigeria and Cyril Ramaphosa of South Africa are anticipated to engage in critical discussions concerning trade and investment, political consultations, defense and security collaboration, and other key areas of mutual interest. Notably, this session marks the 25th anniversary of the BNC, which was established to fortify relations between these two prominent African economies. Odumegwu-Ojukwu emphasized the significance of their relationship, stating that their shared destiny as leading economies on the continent promises a bright future.

Lamola underscored the importance of enhancing trade relations, particularly in alignment with the African Continental Free Trade Agreement (AfCFTA). He argued, “We must increase investment and trade relations to higher levels. Identifying bankable projects, particularly in infrastructure development, should be a key priority.” Reflecting upon Nigeria’s historical support in South Africa’s fight against apartheid, Lamola praised the longstanding diplomatic ties between both nations, advocating for joint efforts to promote global peace and calling for reforms in international institutions like the United Nations. Lamola also mentioned that South Africa’s forthcoming G20 presidency in 2025 will prioritize African developmental concerns. The Nigerian delegation at the meeting included officials from various ministries and the Comptroller-Generals of Immigration and Customs.

The Nigeria-South Africa Bi-National Commission (BNC) aims to strengthen bilateral relations between the two countries, focusing on various sectors including trade, investment, and infrastructure. Established 25 years ago, the BNC has enabled both nations to collaborate on significant issues affecting their economies. Given that Nigeria and South Africa are recognized as the largest economies in Africa, enhancing cooperation in areas such as mining capacity and economic collaboration is essential for regional development and prosperity. The context of this latest meeting reflects ongoing efforts to deepen economic ties amid regional challenges and the need for a unified approach to development under frameworks like the African Continental Free Trade Agreement (AfCFTA). Both countries are keen to leverage their political and economic clout to further enhance their influence on the continent and beyond, indicating a shared commitment to collective progress and sustainable growth.

In summary, Nigeria’s initiative to foster stronger ties with South Africa highlights a strategic commitment to collaboration in various essential sectors, particularly mining and infrastructure development. The Bi-National Commission serves as a critical platform for bilateral discussions, marking a significant anniversary in diplomatic relations. Enhanced trade relations and capacity development are essential for both nations to effectively harness their economic potential and address regional challenges collaboratively, aiming for a prosperous future in alignment with their shared continental aspirations.

Original Source: businessday.ng