Tuesday, October 13, 2020

Nigeria - South Africa Bilateral Relationship: Africa Export Conference 2021 inview

 


It is evident that since independence in 1960, Africa has remained at the forefront of Nigeria's foreign policy. This nucleus of her foreign policy saw the country committing her fanatically to decolonization of the African continent and eradication of racial discrimination and domination. According to research, the first opportunity for Nigeria to implement her foreign policy on anticolonialism was provided by the Shapeville massacre of 21st March 1960. During the incident, the white South African police attacked South African blacks protesting against racial discrimination and domination." This incident which led to the death of 72 blacks with many wounded "marked the beginning of Nigeria's diplomatic confrontations with South Africa. This incidence and other ugly racial incidences in South Africa saw Nigeria spearheading the call for political and economic sanctions against the apartheid South Africa in the International Community.

Examples were the suspension of South Africa from the Commonwealth in 1961 and the imposition of trade embargo under the auspices of the Organization of African Unity (O.A.U). Nigeria was instrumental to the call for complete isolation of South Africa by the International Community. As a result of the pressure mounted by Nigeria and other nations of the world, Non-government Organizations and influential individuals, the racist regime of South Africa collapsed in 1991. "With the obituary of apartheid in 1991, the need for change in diplomatic strategies arose," According to researches. The degree of the solidarity, support and sacrifice which the government and people of Nigeria exhibited in the quest for the elimination of apartheid and the enthronement of democracy and majority rule in South Africa was such that Nigeria, not minding the geographical distance, became identified as a frontline state.

Nigeria and South Africa are the emerging giants of Africa. Politically, both countries are the dominant state entities in their respective sub-regions. They also have a history of cooperation with, and involvement in, a range of continental projects like the New Partnership for Africa’s Development (NEPAD). The two countries have always added their voices in appreciating the new commitment to African development programmes by the developed world, and ensure that engagement with the developed world meets Africa's objective of extricating the continent from underdevelopment. They have also worked closely on conflict prevention and resolution, the establishment and operationalisation of the African Union, and put forward a detailed blueprint for sustainable development for Africa.

Since the inception of democratic rule in Nigeria, South Africa and Nigeria have had encouraging bilateral economic relations. Since then, South Africa has emerged among the top investors in many sectors of the Nigerian economy. South African companies' presence is visible in the Nigerian economy, especially in areas such as telecommunication, engineering, banking, retail, hospitality, property development, construction and tourism, to mention a few. In terms of technology and infrastructure, South Africa has an edge over Nigeria while Nigeria has an advantage of large market potentials for investments over South Africa. This is why there are a lot of South African companies with huge investments in Nigeria.

Through the Nigeria - South Africa bilateral relations, it is very clear that Nigeria and South Africa have taken the responsibility to be at the forefront of confronting Africa's endemic developmental challenges. As a result of the realities of today's fast globalizing and technology-driven world, it became incumbent on both nations to work towards greater political and socio-economic integration within Africa.

The presence of many South African investors in Nigeria has boosted the economies of both counties. This is the result of encouraging bilateral trade relations that existed between the two nations. The South African state has not only opened up Nigeria's economy to South African investments and exports through NEPAD, it has also done so through bilateral agreements and a Bi-national Commission.

                                                  

The Africa Export Conference which is designed to hold in Johannesburg, South Africa, will provide participating countries, individuals, exporters and business minds the ideal platform to hear cutting-edge perspectives from wide range of trade expert and exporters, while offering the opportunity to network with industry’s top players. The conference will provide expert’s opinion on how to further regional economic integration across Africa and the implication of policy initiatives aimed at stimulating economic diversification, stability and export growth.

The Africa Export Conference which will be organized by Globe chamber of Commerce and Industry (GCCI) is being planned to offer participants from the Africa extraction  a platform to expand their business network, meet their competition and get fresh perspectives from a wide range of trade and export experts.

The aforementioned is brought to you, courtesy of National Mail.

National Mail is an online news platform of Trade Nigeria that focuses on business development, Investment, trade, economic exchange and development. 

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