Lamola says concerns were raised over dwindling South African companies doing business in Nigeria

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Nigeria News

Bola Ahmed Tinubu,Ronald Lamola,Bi-National Commission

Lamola said several challenges identified by the South African businesses in Nigeria include the taxation and access to business licencing.

President Bola Tinubu of Nigeria with President Cyril Ramaphosa during the 11th session of the Bi-National Commission between South Africa and Nigeria which was held in Cape Town.Concerns have been raised over the decreasing number of South African businesses operating in the Federal Republic of Nigeriaand the 11th session of the Bi-National Commission held in Cape Town provided an opportunity for the respective heads of State to consider the challenges.

“Indeed that was one of the issues that were discussed. There has been challenges, including the decline of the number of business from South Africa to Nigeria and one of the issues for agreement is with regards to the management of these difficulties for South Africa business in Nigeria,” said Lamola.

“There is a clear path that is aimed to resolve those difficulties and teething challenges. You would have heard President Tinubu mentioning some of the South African companies in Nigeria that are able to operate and flourish with those challenges, and also those challenges being attended to,” he said.

In turn, Tinubu attended the inauguration of Ramaphosa in June 2024 and the two heads of State had an opportunity to exchange views.

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