The two heads of state are expected to sign deals and memoranda of understanding on political, diplomatic, economic and trade relations.
Ramaphosa kicked off his four-nation visit to Nigeria, Ivory Coast, Ghana and Senegal with a private dinner with Buhari on Tuesday evening.
He is accompanied by minister Naledi Pandor, Thandi Modise, Bheki Cele, Ronald Lamola, Mondli Gungubele, Maite Nkoana-Mashabane, Gwede Mantashe, Joe Phaahla, Ebrahim Patel, Fikile Mbalula and Zizi Kodwa.
According to the president, Ramaphosa's visit coincides with the 10th session of the Nigeria-SA binational commission (BNC).
The session with also reflect on progress made in advancing trade and investment between the two countries and allow the president's to review progress made in implementing decisions and agree on new programmes.
Five agreements and memoranda of understanding are expecting to be concluded.
According to the programme, the bilateral talks will be followed by a press briefing later on Wednesday.
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