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Nigeria, S'Africa Urged to Explore Investment Opportunities in Key Sectors

POSTED ON July 22, 2024 •   Business      BY Abiodun Saheed Omodara
Chairman of the Nigeria-South Africa Chamber of Commerce, Osayaba Giwa-Osagie (SAN)

The Chairman of the Nigeria-South Africa Chamber of Commerce, Osayaba Giwa-Osagie (SAN), has called on Nigeria and South Africa to seek new opportunities for cooperation, promote investment in important sectors, and strive for a fair and balanced trade relationship that fosters mutual prosperity.

Speaking at a July Breakfast Meeting sponsored by South Africa Airways in Lagos, Giwa-Osagie emphasized the deep and diverse economic ties between the two countries, spanning trade, investment, energy, and infrastructure. 

He highlighted the untapped potential for further collaboration and lamented that socio-political dynamics had historically influenced diplomatic relations.

Giwa-Osagie stressed the need for open dialogue and people-to-people connections to strengthen bilateral ties, mitigate political tensions through diplomacy, and maintain a robust relationship. 

He underscored the rich history of collaboration and resilience shared by Nigeria and South Africa, emphasizing their crucial roles as the largest economies on the continent.

He proposed creating a conducive business environment and reducing trade barriers to foster a mutually beneficial economic partnership. 

Giwa-Osagie recommended exploring new avenues for collaboration, promoting investment in key sectors, and working towards a fair-trade relationship that drives mutual prosperity.

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