Economy

Nigeria, SA Presidents meet to boost economic co-operation

Date: Sep 20, 2023

In New York, where the United Nations General Assembly is taking place, the Presidents of Nigeria and South Africa (SA) discussed ways to boost economic co-operation between their countries.

President Bola Tinubu of Nigeria, who has embarked on a series of bold reforms to attract more investment, such as removing petrol subsidies and easing foreign exchange controls, met with President Cyril Ramaphosa of SA.

Ramaphosa praised Tinubu's courage and vision in implementing the reforms and said that SA will seek more opportunities to partner with Nigeria.

He also stressed the importance of strengthening economic ties between the two largest economies in Africa, especially in the context of the African Continental Free Trade Agreement. The International Monetary Fund estimates that their combined GDP will reach $1.8 trillion.

--SABC--

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