Nigeria is intensifying its strategic relationship with South Africa, focusing on mining capacity building and infrastructure development. The 11th session of the Nigeria-South Africa Bi-National Commission highlighted plans for a draft MoU, with significant discussions on trade and investment, tapping into shared economic growth opportunities. The session marks a critical juncture as both nations celebrate 25 years of cooperation and seek to enhance global competitiveness in various sectors.
At the 11th session of the Nigeria-South Africa Bi-National Commission in Cape Town, Nigeria reaffirmed its commitment to strengthening relations with South Africa, particularly in infrastructure and mining capacity building. Bianca Odumegwu-Ojukwu, Nigeria’s Minister of State for Foreign Affairs, announced the preparation of a draft Memorandum of Understanding (MoU) aimed at enhancing the certification and development of Nigerian mining professionals. She emphasized the desire for increased cooperation to boost global competitiveness in the mining sector, alongside co-financing infrastructure projects that benefit both nations.
The session, co-chaired by Odumegwu-Ojukwu and South Africa’s Minister of International Relations and Cooperation, Roland Lamola, sets the stage for a presidential meeting between President Bola Tinubu of Nigeria and South Africa’s President Cyril Ramaphosa. Key topics for discussion include trade and investment, security cooperation, and social collaborations, with this year marking the 25th anniversary of the commission established to cultivate relations between Africa’s two largest economies.
Odumegwu-Ojukwu highlighted the significance of the partnership: “The BNC promises a bright future for our relations, and we must approach it with zest and faith. Together, we shall win for our respective countries and for Africa.” Lamola called for an expanded trade relationship under the African Continental Free Trade Agreement (AfCFTA) and prioritized investment in infrastructure development.
Reflecting on historical ties, Lamola praised Nigeria’s role in supporting South Africa during the anti-apartheid movement and stressed the importance of ongoing diplomatic relations. He also urged for a joint commitment to global peace and dialogue in light of regional conflicts, alongside advocating for necessary reforms in international bodies such as the United Nations. Furthermore, he indicated that South Africa’s upcoming G20 presidency in 2025 would focus on developmental issues pertinent to the African continent.
As one of Africa’s largest economies, Nigeria plays a crucial role in fostering cooperation on the continent. The Nigeria-South Africa Bi-National Commission was established to enhance bilateral ties and facilitate collaboration across various sectors, including trade, security, and infrastructure development. With South Africa poised for greater economic development under the African Continental Free Trade Agreement, strategic partnerships in fields like mining become increasingly vital. The 25th anniversary of the BNC serves as a pivotal moment for both nations to renew their commitment to shared goals and a collaborative future.
The recent discussions between Nigeria and South Africa underline a strong determination to foster closer ties through strategic initiatives, particularly in mining and infrastructure. As both nations prepare for presidential discussions, the emphasis on enhancing trade relations and addressing regional challenges reinforces their shared commitment to economic cooperation and stability within Africa. The potential for collaboration within frameworks like the AfCFTA promises mutual benefits and a more integrated regional economy.
Original Source: businessday.ng
