The trade between Nigeria and South Africa has peaked at $2.9 billion, expecting a further boost with implementation of the African Continental Free Trade Area (AfCFTA) agreement.
Nigeria\u2019s Consul General, Malik Abdul, in a statement, noted that Nigeria accounts for 64 per cent of South Africa\u2019s trade in West Africa and is one of his country\u2019s top three sources of crude oil.
He further added that in 2020, South Africa imported R35 billion ($2.48 billion) worth of goods, predominantly crude oil from Nigeria and exported R6 billion ($425milion) to Nigeria.
\u201cSouth Africa is currently among the top 10 per cent of investors in Nigeria, globally and Nigeria is South Africa\u2019s 10th biggest export market in Africa and thirty-second globally.
Nigeria accounts for 64 per cent of South Africa\u2019s trade with West Africa and is one of South Africa\u2019s top three sources of crude oil.
\u201cAlso, Nigeria in 2020 was South Africa\u2019s top import market in Africa and sixth globally, after China, Germany, USA, India and Saudi Arabia. Over the past year, South Africa imported $2.48 billion worth of goods predominantly crude oil from Nigeria and exported $425 million worth to Nigeria.\u201d
Also, the consulate said his embassy issued a total of 10,341 passports to Nigerian citizens in South Africa between March 2020 and May 2021. <\/p>\n\n\n\n