Nigeria Economic Ties With South Africa

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Buhari and Ramaphosa, accompanied by key ministers, discussed various issues, including strengthening economic relations. The Nigerian leader's visit marks the 20th anniversary of a Bi-National Commission (BNC) established between the two countries in 1999. Since then, dozens of trade agreements have been signed between them. In 2018, the total value of trade between them amounted to $3.35bn, making Nigeria South Africa's largest trade partner in West Africa. A joint business forum between South Africa and Nigeria was held on Thursday afternoon. "We want to create an enabling environment for doing business in our respective countries," said Ramaphosa, pointing out road, mining and infrastructure as key areas.

The South African leader also acknowledged Nigeria's support in the struggle against apartheid.

Buhari said his government is committed to fighting unemployment and poverty in his country. He also promised more opportunities for investors in Nigeria.

Formal relations between the two countries were established after the first democratic elections in South Africa in 1994.

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