By Foster Obi
South Africa’s Foreign Economic Representative (FER) in Nigeria, Mr Calvin Phume said it was important to expose the South African business delegation to the likes of Lekki Free Trade Zone in order to showcase the vast opportunities available across the Nigerian economic sectors where they can look into setting up public-private partnerships and joint-ventures.
This is as South African business delegation taking part in the Outward Trade and Investment Mission (OSM) in Nigeria continued their search for trade and investment opportunities in different sectors of the Nigerian economy. The delegation visited Lekki Free Trade Zone, a privately-owned free trade zone outside Lagos as part of the site visit programme.
“Opportunities are abound in Nigeria. South Africa has taken a conscious decision to partner with Nigeria during their development phases and that Nigeria, like most countries in Africa, presents a wealth of business opportunities for South African companies,” said Phume.
He added that the visit was an opportunity to continue pursuing economic collaboration and partnerships with Nigeria, and crafting the way forward for sustainable economic development and the development of investment in the African continent.
He said it would be of benefit for South Africa and Nigeria to have South African companies operating from the free trade zone.
