South Africa Targets Nigerian Lithium and Strengthens Ties with Nigeria

December 5, 2024

2 minutes read

Nigerian lithium

South Africa is intensifying its focus on Nigerian lithium as part of its push for an electric vehicle (EV) revolution. Recognizing the importance of lithium in EV battery production, South Africa has begun engaging Nigeria to secure access to the critical mineral. This initiative aligns with South Africa’s broader plans to become a leader in sustainable energy solutions and boost its global economic standing.

During recent bilateral talks, South African President Cyril Ramaphosa highlighted Nigeria’s potential as a key supplier of lithium and other raw materials necessary for green technology. In return, South Africa pledged support for Nigeria’s bid to join the G20, signaling a strengthening of political and economic ties between the two nations.

Lithium exploration in Nigeria has drawn significant attention from global investors due to its high-grade deposits, particularly in the northern regions. Industry analysts believe that South Africa’s interest could pave the way for deeper collaboration in mining technology and infrastructure development. However, experts caution that Nigeria must negotiate favorable terms to ensure sustainable practices and fair revenue sharing.

In addition to its interest in lithium, South Africa is relaxing visa rules for Nigerians to encourage trade and tourism. This policy shift aims to enhance bilateral exchanges and ease the movement of business professionals between the two countries. The announcement was made during Nigerian President Bola Tinubu’s visit to South Africa, where both nations operationalized an advisory council focused on boosting trade and investments.

The council seeks to address trade barriers, create incentives for cross-border partnerships, and promote the exchange of technical expertise. According to Nigerian Trade Minister Doris Uzoka, the collaboration will not only increase trade volume but also open new opportunities for Nigerian businesses in the South African market.

Tinubu’s recent diplomatic visits to France and South Africa reflect Nigeria’s ambition to strengthen its international alliances. Upon his return to Abuja, Tinubu reaffirmed Nigeria’s commitment to fostering mutually beneficial partnerships with global and regional powers.

South Africa’s strategic move to tap into Nigeria’s mineral wealth highlights the growing importance of collaboration in achieving sustainable economic growth in Africa. By leveraging their respective strengths, both countries aim to position themselves as leaders in the global energy transition while fostering regional development.

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

Single Air

Malawi Joins Africa’s Single Air Market as AU Pushes for Continental Aviation Integration

Malawi joins Africa’s Single Air Transport Market, bringing total membership to 38 nations as AU ...
USAID funding

Nigerian Lawmakers Probe Allegations of USAID Funding Boko Haram Amid Diplomatic Tensions

Nigeria’s Senate and House of Representatives probe claims of USAID’s alleged links to Boko Haram, ...
U.S. Air Force

U.S. Air Force Expands Counterterrorism and Disaster Relief Efforts Across Africa

U.S. Air Force General James B. Hecker reaffirms commitment to counterterrorism and disaster relief efforts ...
Nwankwo Kanu

Nwankwo Kanu Bolsters Enyimba with New Signings to Revive NPFL Title Hopes

Enyimba FC, led by chairman Nwankwo Kanu, signs eight new players, including a Super Eagles ...

Latest News

Today in History

[historical_fact]

Exchange Rate Per Dollar

AM Armenian Dram394.41
GH Ghana Cedi15.535
GM Gambian Dalasi71.5
GN Guinea Franc8,656
NG Nigerian Naira₦1,501.87
CF CFA Franc BEAC627.4385
21 Feb · CurrencyRate · USD
CurrencyRate.Today
Check: 21 Feb 2025 17:05 UTC
Latest change: 21 Feb 2025 17:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?