It has been revealed that the President of South Africa, Jacob Zuma, will soon be on his way to Nigeria for a two day visit. According to the press release issued by the South African Presidency,
President Jacob Zuma will, at the invitation of His Excellency President Muhammadu Buhari of the Federal Republic of Nigeria, pay a State Visit to Nigeria from 8 to 9 March 2016.
South Africa and Nigeria have good bilateral political, economic and social relations underpinned by strong historical ties dating back from the years of the liberation struggle.
The two countries conduct their bilateral relations through a structured Bi-National Commission (BNC) established in 1999 and have thus signed 34 Bilateral Agreements including Memoranda of Understanding, which are coordinated through the BNC covering a broad range of areas, including trade and investment, science and technology, immigration and consular matters, defence, agriculture, the environment, energy, as well as arts and culture.
To date, there are over 120 South African companies doing business in Nigeria in various sectors, including telecommunications, aviation, tourism, banking, property, retail, entertainment and the fast food.
With its large population and vast natural resources, especially oil and gas, Nigeria is South Africa’s key trading partner on the continent, providing significant opportunities for its exports and investments and is ranked 7th in terms of South Africa’s total trade in Africa.
During the State Visit, President Zuma is expected to address the Joint Session of the National Assembly of Nigeria, and will together with President Buhari address the South Africa-Nigeria Business Forum.
President Zuma will be accompanied by the Minister of International Relations and Cooperation, Ms Maite Nkoana-Mashabane; Minister of Defence and Military Veterans, Ms Nosiviwe Mapisa-Nqakula; Minister of Trade and Industry, Dr Rob Davies; Minister of Home Affairs, Mr Malusi Gigaba, Minister of Energy, Ms Tina Joemat-Pettersson and Minister of Mineral Resources, Mr Mosebenzi Zwane, as well as a South African business delegation.
We hope that the discussions which will take place during this visit will contribute in raising Nigeria up from the deep pit of economic confusion that she has found herself considering the fact that just recently, GoBanking placed South Africa at the number one position of the list of cheapest countries in the world to live in.