Nigeria’s President Muhammadu Buhari is in South Africa for a 3-day state visit where he will be hosted by South African President, Cyril Ramaphosa. The visit will feature among others a Joint Business Forum with a focus on trade and investment. To discuss the significance of this visit, Tilewa Adebajo, CEO of CGF Advisory and Pabina Yinkere, Chief Investment Officer at Sigma Pensions joins CNBC Africa for more.
Nigeria’s President Muhammadu Buhari is currently in South Africa where talks on trade, human capital development, security and more are being held with South African President Cyril Ramaphosa. To assess Nigeria and South Africa’s trade relations Egie Akpata, Director at Union Capital Markets and CNBC Africa reporter Karabo Letlhatlha give insight into this state visit.
During his Independence Day celebration broadcast, Nigeria’s President Muhammadu Buhari stated that his administration inherited a skewed economy, where the oil sector comprised of only 8 per cent of GDP but contributed 70 and 90 per cent of government revenue and foreign exchange earnings respectively. To analyse the President’s speech and assess Nigeria’s performance in the past 59 years – Kyari Bukar, Former Chairman of the Nigerian Economic Summit Group (NESG) and from Osun State, South West Nigeria, Professor and Former Presidential aspirant Remi Sonaiya joins CNBC Africa for more.
President Muhammadu Buhari has extended the closure of Nigeria’s land borders with other countries till January 2020. In an official memo signed by the Comptroller (Enforcement) of the Nigeria Customs Service (NCS), Mr. Victor Dimka dated November 1, 2019, the exercise was termed to have so far recorded an “overwhelming success,”