INTERNATIONAL Relations and Cooperation Minister, Dr Naledi Pandor, has described Nigeria as a key long-term market for South African investments.
Pandor was speaking during the mid-term review of the Bi-National Commission (BNC) between the two countries.
The Minister hosted her Nigerian counterpart, Geoffrey Onyeama, in Pretoria, on Wednesday.
The South Africa-Nigeria BNC, launched in 1999, is the formal mechanism through which the two countries conduct their bilateral relations.
Pandor said Nigeria’s Economic Recovery and Growth Plan 2017-2020 and the National Development Plan 2021-2025 present massive investment opportunities for both nations.
South Africa’s investment in Nigeria, according to the Minister, is made up of about 120 companies with a total investment of R4.398 billion capital expenditure.
This also provides significant employment opportunities for Nigerian people during the period under review.
“However, South African companies have recently apparently found it difficult to operate in Nigeria. Some of the reported challenges include regulatory
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