The High Commission of Nigeria celebrated its 64th Independence Anniversary on 1 October 2024 at the High Commission in Pretoria.
H.E. Mr Alexander Temitope Ajayi welcomed members of the diplomatic corps and distinguished guests. A moment of silence was observed in respect of those affected by the devastating floods in North-East Nigeria.
Since the advent of the current administration on 29 May 2023, the Nigerian government has taken decisive steps to address the challenges facing the people by introducing policies to mitigate the impact of the global economic recession. Consequently, in July 2024, H.E. Bola Tinubu, President of the Federal Republic of Nigeria, signed into law a new minimum wage for Nigerian workers.
“Nigeria and South Africa have come a long way. This year marks a significant moment in our shared history,” said H.E. Mr Ajayi.
The presidents of both countries met in South Africa in June 2024 to discuss issues of mutual bilateral and multilateral significance. Economic ties form the backbone of the Nigeria-South Africa partnership, which together represent a large percentage of Africa’s GDP, positioning them as key players in the continent’s economic development. Over the years, bilateral trade between the two countries has grown exponentially, with various Nigerian businesses operating in South Africa and South African businesses in Nigeria. These include industries such as energy, telecommunications, banking, and retail, with both nations benefitting from the synergy of their economic collaboration.
South Africa and Nigeria have long been allies in the struggle for liberation, peace, and justice across the African continent.
“The time has now come for the international community to do more in support of Africa’s quest for sustainable development and the reform of global economic governance,” said H.E. Mr Ajayi.
Deputy Minister of Basic Education Siviwe Gwarube congratulated the High Commission of Nigeria and its people on behalf of the President and the people of South Africa.
“Over the last six decades, Nigeria has played a significant role not only in advancing the well-being of its people but also in contributing to the independence and freedom of many across the continent,” said Minister Gwarube.
In this regard, South Africa remains indebted to the role Nigeria played in South Africa’s own liberation.
This year marks the 30th anniversary of diplomatic relations between South Africa and Nigeria, and the next session of the Binational Commission is expected to be hosted in South Africa in December 2024. The establishment of the Binational Commission between the two countries in 1999 is a practical demonstration of the two governments’ desire to elevate bilateral cooperation to a strategic level. Since its establishment, there have been 10 sessions and the signing of 34 agreements and memoranda of understanding to promote cooperation in various areas, including agriculture, mining, trade, investment, defence, tourism, and science and technology.
Nigeria is South Africa’s biggest trade partner in West Africa. In 2023, a two-way trade agreement amounting to approximately 50 billion rand was reached. The trade balance overwhelmingly favours Nigeria due to South Africa’s import of crude oil. Over 100 South African companies have invested in Nigeria, with total South African investments in Nigeria exceeding 4 billion rand. These investments have created tens of thousands of jobs in Nigeria.
Both countries are encouraged to take advantage of the Africa Continental Free Trade Agreement to facilitate trade between the two nations. Similarly, more should be done to promote people-to-people relations, as well as intensify cultural diplomacy and activities.
After raising a toast, guests enjoyed traditional Nigerian cuisine and performances.
by Marion Kate
