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Ramaphosa concludes state visit to Nigeria, optimistic about working relations

President Cyril Ramaphosa ended his official visit to Abuja, Nigeria, on Wednesday, enthusiastic about the two African economic giants' growing ties. Ramaphosa began his West Africa visit in oil-rich Nigeria, where discussions focused on ease of doing business, lobbying for uniform regulation, and the Africa Continental Free Trade Area (AfCFTA) deal. The president lauded his visit as "exceptional and very successful." He held lengthy conversations on various issues with his Nigerian counterpart, President Muhammadu Buhari.cyril ramaphosa

"We are one of the continent's largest economies. There will always be obstacles and difficulties... This visit was intended to lay the groundwork for overcoming any obstacles that may arise "Ramaphosa said at the trip's conclusion. He said that lengthy conversations had taken place with Buhari about the problems confronting South African firms operating in Nigeria.

This tour will result in the signing of 32 agreements between South Africa and Nigeria. "President Buhari and I will carefully monitor implementation," he said. Prior to the official meetings, Ramaphosa was informed by South African business leaders that arbitrary action against South African enterprises, the difficulties of repatriating profits, and a harsh visa policy continue to be sticking points in the two nations' relationship.

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Economic Development Minister Ebrahim Patel said that in order to maintain cordial commercial relations between the nations, arbitrary action against South African enterprises operating in Nigeria cannot be taken. Additionally, he said that South African corporations should be permitted to freely repatriate dividends.

According to Patel:

There is no zero-sum game here. It is not necessary for South Africans to develop at the cost of Nigeria. Ramaphosa expressed optimism during the official meetings at State House, citing conversations about the ease of doing business between the two nations. "The Joint Ministerial Advisory Council on Industry, Trade, and Investment will revitalize bilateral trade and investment relations. We hope that our aims will be accomplished via this newly formed council "According to Ramaphosa.See the source image

The president said that the Africa Continental Free Trade Area represents an enormous opportunity for the two countries. Patel told media that South Africa could not have a better partner in the AfCFTA's origin rules discussions than Nigeria.

"A commodity should qualify for trade advantages only if it is manufactured in significant quantities on the African continent. Due to the fact that Africa has a relatively low rule of origin, it becomes a hub for the transshipment of commodities manufactured elsewhere in the globe. Nigeria has been a prominent advocate for enforcing strict norms of origin "As Patel said.

The stringent visa policy was also discussed, although there was no official agreement reached. Ramaphosa praised Nigeria once again for admitting the delegation despite the country's continued travel limitations in the aftermath of the discovery of the Omicron strain of Covid-19. He departed Abuja for Abidjan, Côte d'Ivoire, on a state visit.


Ramaphosa concludes state visit to Nigeria, optimistic about working relations | News24

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Cyril Ramaphosa Muhammadu Buhari Nigeria Ramaphosa West Africa


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