Jacob Zuma, the president of South Africa on Tuesday, March 8, addressed a joint session of the National Assembly. Zuma’s visit to Nigeria and President Buhari is aimed at mending the relations between the two giants of Africa, as there are also indications that it is an opportunity for both presidents to address the South Africa-Nigeria Business Forum. But according to him, the main objective for his visit is to strengthen the relationship between Nigeria and South Africa so as both nation’s economic ties are fortified.
Excerpts of Zuma’s speech read: “The main objective of the relationship between Nigeria and South Africa is to ensure that economic ties are strengthened. We are proud of this country, as Nigeria charted the way Africans need to follow with the 2015 election. “Nigeria’s role in ending apartheid in South Africa must be told endlessly to future generations of our people. Nigeria’s role in the reparation of South Arica has a special place in the history of the African continent and we must strive not to be left behind in the fourth industrial revolution. Presently, more than 120 companies from South Africa operate in Nigeria as against just four companies in 1999. “But we must diversify our economies to provide more jobs for our people to break away from colonial strongholds. Economic cooperation between Nigeria and South Africa must be enhanced to enable Africa develop at a fast pace. “The bilateral relationship between our countries improved in the last 16 years with over 120 South African Companies in Nigeria now.” Zuma’s visit to the National Assembly is symbolic. It is the first time that the 8th National Assembly is honouring a visiting President and the second time that a President is addressing the joint session in the last 15 years. The last was in 2000 by a former US President, Bill Clinton.
China has agreed to invest in Nigeria following a visit from its foreign affairs minister to Nigeria - The country said this was in addition to earlier investments - Nigeria has withdrawn diplomatic relationship with Taiwan and agreed to the One China policy Wang Yi who is the Chinese foreign minister has promised that the country is investing $40 billion as part of the plan to deepen relationship with Nigeria. He made this comment during a press briefing with his Nigerian counterpart, Mr. Geoffrey Onyeama on Wednesday, January 11 adding that this money was in addition to $22 billion projects already invested. READ ALSO: China might refuse to give Nigeria $20bn loan Yi said: “China has already invested or financed a total number of $22billion projects here in Nigeria, another $23billion projects are on-going. In addition, we are also following up another over $40billion of investments, which are in the pipeline.” China to invest in Nigeria; Taiwanese office
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