The Department of Trade and Industry, (the dti) will undertake a business mission to Nigeria from 25-30 September 2016. The mission will be led by the Chief Executive Officer of the recently launched initiative of the dti, Trade Invest Africa (TIA), Ms Lerato Mataboge. Officials from the dti’s Black Industrialists Programme and representatives of Plastics South Africa will be part of the mission.
The Minister of Trade and Industry, Dr Rob Davies says the objective of the mission will is to seek trade and investment opportunities in Nigeria with the aim of establishing relations to position South African business in leveraging the identified opportunities for the mutual benefit of both countries.
Davies adds that this collaboration between TIA, the Black Industrials Programme and Plastics SA is key in addressing issues such as access to markets, the promotion of industrialisation, sustainable growth and transformation.
“Through the support of black-owned entities in the manufacturing sector, the business mission to Nigeria aims to enhance the efforts of the Black Industrialists Programme and ensure that the support for black industrialists increases in order to improve their participation in the manufacturing industry,” says Davies.
According to Davies, Plastics SA has identified Nigeria as an important market for the growth of the South African plastics industry and TIA aims to facilitate increased access to the Nigerian market in this regard.
South Africa and Nigeria are considered to be the leading economies of the African continent. Total trade between these countries accumulated to R 220 billion from 2011 to 2015.
During this period, vehicles, base metals, machinery, plastics as well as chemicals ranked as the top five exports sectors to Nigeria respectively, while imports were led by mineral products, base metals, plastics, machinery and vehicle equipment.
Sectors targeted for the mission are, infrastructure, energy, agro-processing, plastics, chemicals and automotives.
Sidwell Medupe-Departmental Spokesperson
Issued by: The Department of Trade and Industry