NIGERIA/SOUTH AFRICA RELATIONS, THE JOURNEY SO FAR!
By Damilare Victor Erinfolami
The Nigeria/South African relations have on the overall
being a testament of brotherhood that exists between the two African biggest
economies and their pivotal roles in regional peace and development has put the
two countries on a pedestal of continental leadership.
Both countries being former British colonies and members
of Commonwealth of Nations and Africa Union shared common history and have been
each other’s ‘Brothers Keeper’ at different times in history. During the era of
Apartheid in South Africa, Nigeria was one of the Countries that supported the
Anti-Apartheid Movements, including the African National Congress and gave help
to Liberation Stalwarts, in form of Scholarships, Asylum and issued more than
300 international passports to South Africans who wants to travel abroad. Many opinion
leaders, Human Right activists and musicians in Nigeria made statements and
sing songs against the then Apartheid government in South Africa.
The Trade and Investment relations of both countries have been nothing but interesting since history, with South Africa making a remarkable success in the Telecommunication Industry in Nigeria, during the 2001 GSM launch and presently still getting a huge chunk from her investment in the industry. With South Africa investing $1.8 billion in building the Mobile telecommunication infrastructure in Nigeria and by 2005 MTN, the South African Telecommunication giant announced a Pre-tax earnings of N65 billion on Revenue of N199 billion between April, 2004 to March 31, 2005, coupled increased subscriber base of 123 percent and contributed R9.3 billion ( about $1.3bn) to the Group’s revenue.
South Africa-Nigeria
Bi-National Commission also hosted in Pretoria in November 2009.The conference
among others noted that OANDO, an energy conglomerate based in Lagos, Nigeria
had recently been listed on the Johannesburg Stock Exchange and Dangote cement had
invested a record $378 million in South Africa's cement industry which as since
grown. With trade worth $2.1 billion traded between the two countries in 2008 and this increased to $3.6 billion by 2012.
Nigerian business people have therefore expressed concern
over the pace and perceived rapid expansion of South African business interests
in the country but hoped that Nigerian businesses will also in due time enjoy
similar opportunities in South Africa. The Nigeria/South African Bi-National
Commission which is a veritable tool to promote relations between the two
states has not done much in that direction.
With growing collaborations between the two countries and
ongoing economic synergies, it is hope that the pockets of negativity in their
relations will be expunged for a great and a prosperous relations that will be
mutually beneficial.
No comments:
Post a Comment