Bilateral Agreement Between Nigeria And South Africa

JOHANNESBURG (Reuters) – South Africa and Nigeria signed 30 trade and cooperation agreements on Thursday, weeks after a wave of violence against Nigerian nationals in Johannesburg and Pretoria weighed on relations between Africa`s two largest economies. “That`s why I think it`s good to get in touch with South Africa in this way, because both countries can earn even more. I would also like to stress that the Nigerian government must support private sector countries in the consultations that led to the signing of these agreements. The private sector needs to be clearly aware of this. Similarly, the president of the Nigerian Manufacturers` Association (MAN), Mansour Ahmed, said that the signing of the bilateral agreements showed that Nigeria and South Africa were on track to strengthen their relations. Members of the organized private sector (OPS) of the Nigerian economy welcomed the strengthening of economic and diplomatic relations between Nigeria and South Africa, which resulted in the signing of 32 bilateral agreements between the two countries. For his part, the president of the Nigeria-South Africa Chamber of Commerce, Foluso Phillips, said that the renewed diplomatic relations between Nigeria and South Africa had the potential to promote more investment, from South Africa to Nigeria. Ruwase said it would be a good thing if the agreements resulted in an influx of foreign direct investment from South Africa into Nigeria`s manufacturing sector. It is a forum for the private sector. Both countries now say they want more South Africans after Nigeria, more Nigerians after South Africa… more multinational companies between the two countries. “We call for the strengthening and implementation of all necessary measures to prevent a recurrence of such measures that threaten not only undermine our strong bilateral relations, but also what we represent in the context of our vision of a strong and prosperous Africa that we want,” he added.

After talks between President Cyril Ramaphosa and his Nigerian counterpart Muhammadu Buhari, 32 bilateral agreements were signed between Nigeria and South Africa. Ramaphosa also expressed remorse over the violence against immigrants last month, which weighed on relations between the two nations. According to him, Mr Buhari found that 32 agreements and soft agreements had been signed between the two countries. Phillips said there was a business forum between Nigerian and South African business leaders that discussed At length South Africa`s investment in power, agriculture, oil and gas. According to the President, such hostilities threaten bilateral relations between the two countries. The President also stressed that the two countries must respond to measures to promote trade and investment between the two countries. “We need to implement those that have come into force and accelerate the measures needed to ratify the seven agreements that have not yet entered into force. Much of South Africa`s goodwill towards Nigerians to support the ANC during apartheid has disappeared due to Nigerian organized crime activities in the country. [5] In South Africa, Nigerian organized crime groups, mainly involved in drug trafficking, grew rapidly between 1994 and 1998.

[6] [7] After president Cyril Ramaphosa`s statement, they degenerated the binational commission between the two countries. This committee deals with infrastructure development, stability issues on the continent… Thus, the two foreign ministers signed the protocol of the agreement between the two countries. “I welcome the strong defence cooperation between Nigeria and South Africa and call for more support and solidarity with us in our fight against terrorism and violent extremism.