South African Minister of International Relations and Cooperation, Ronald Lamola, on Monday co-chaired the Ministerial Meeting of the Bi-National Commission (BNC) with the Nigerian Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu.
Both Ministers agreed that one of the overriding imperatives of bilateral relations between the two countries is the need to increase investment and trade relations to higher levels.
“The relatively large sizes of our economies logically dictate that our economic collaboration should be yielding much bigger results,” Lamola said.
This year, 2024, South Africa and Nigeria are marking 30 years of diplomatic relations, established in February 1994.
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To enhance economic cooperation and build on established sectors that both investors have in the markets, Lamola said identifying bankable projects, especially in infrastructure development, is a key priority they should pursue together.
He also stressed the importance of utilising opportunities within the African Continental Free Trade Area (AfCFTA).
Lamola said strengthening people-to-people relations is essential for fostering understanding, friendship, and shared values. The Minister believes this approach will promote the tourism economy, creative industries, sporting events, and collaboration in education and science.
“This will also allow our citizens to appreciate the rich tapestry of diverse cultures and heritage that exists in our respective countries.”
In addition, Lamola used the platform to assure his counterpart that South Africa’s G20 Presidency – which the country assumed on 1 December 2024 – is committed to ensuring that African developmental priorities are highlighted.
