NEWS DETAIL
Nigeria’s yearly exports to South Africa exceed $3.8 billion
 Posted Date : 2020-12-29

The Consul General of Nigeria to South Africa, Abdulmalik Ahmed, has said that Nigeria’s yearly exports to South Africa now exceed $3.8 billion.

He explained that South Africa had remained Nigeria’s biggest partner over the years.

He also added that South Africa’s similarly exported $4.9 billion annually. 

“This represents about 6.3% of the country’s total exports. Similarly, South Africa exported goods of about $4.9, billion in 2018 to Nigeria”

Air Peace had operated its inaugural flight from Lagos to South Africa. Speaking on the economic benefits of the flight, the Nigerian envoy noted that route launch would help improve foreign inflows, encourage investment and boost the African Continental Free Trade Area Agreement.

He said Nigeria provides a favorable business environment and large market for a wide range of South African companies including MTN, Multichoice, Shoprite, Protea Hotels and more.

He said, “I will like to take this opportunity to call upon Nigerian corporate entities to follow the lead of Air Peace and take advantage of the huge investment opportunities in South Africa”.

 

 

                                                                      

The Punch, December 19, 2020