Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»Business Matters»Trade between Nigeria, South Africa hits $2.9b in 2020

    Trade between Nigeria, South Africa hits $2.9b in 2020

    Business Matters By Temitope N.Jun 11, 2021No Comments3 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    Despite concerns about xenophobia between Nigeria and South Africa, bilateral ties between the two countries hit $2.9 billion last year with hopes of improved trade with the African Continental Free Trade Area (AfCFTA).

     

    Street Traders, Pedestrians, Vehicles etc in Lagos State of Nigeria

    According to Nigeria’s Consulate in Johannesburg, Nigeria accounts for 64 per cent of South Africa’s trade in West Africa and is one of South Africa’s top three sources of crude oil.

     

    The Consulate noted 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.

    The Consulate added that while the economic relationship may be considered as a win-win situation, the balance of relationship favours South Africa, hence the need to consolidate the ties and nip in the bud any irritants to the partnership.

    Also, the consulate says it issued a total of 10,341 passports to Nigerian citizens in South Africa between March 2020 and May 2021.

    The Consul General, Malik Abdul, in a statement from Johannesburg, South Africa, said that the consulate had a backlog of 3,946 applications awaiting production, while 1421 applicants had been scheduled for data capturing.

    See also  Canada's long-time finance minister resigns

    The consultant general said that the Mission had 404 unclaimed passports, and advised all those whose passports were processed and pending from August 2020 to come for collection.

    Abdul added that the consulate was working assiduously to clear all COVID-19 induced lockdown backlog of applications, urging the public to exercise patience while the mission was resolving the backlogs.

    On the re-introduction of admin fees and charges for lost passports, Abdul said that the step was taken to harmonise and standardise consular services following approval from the Ministry of Foreign Affairs, Abuja.

    The Mission had increased the fees for lost passports from R1,500 to R2,000, and admin charges of R120 for data capturing.

    “On this issue, the Mission could not unilaterally impose any charges without headquarters’ approval or consent.

    “The admin fees of R120 pertains to all services rendered by the two Missions,” he said.

    According to the Nigerian envoy, the decision was taken to remove disparities in all consular services, noting that visa fees have also been harmonised.

    On penalty for lost passports, Abdul disclosed that 484 Nigerian passports were reported missing at the mission between August 2020 and May 2021 with request for re-issue.

    See also  Brocade Hires Software-Defined Networking and Data Center Expert, Colin Dixon

    Abdul said that it was discovered that there were criminal undertones and immigration rules infractions associated with the ‘so-called’ lost passport declarations.

     

    “In line with practice in other Missions, there was a need to impose fines to deter people from engaging in such infractions.

    “At such an astronomical rate of loss declarations, the option will be to refer such losses to Nigeria for processing.

    “This will save the booklet for genuine requests of re-issue and thereby reducing the backlog and pressure on the Mission,” the envoy said.

    Abdul disclosed that the consulate had received a directive to embargo processing of lost passports pending further instructions from the headquarters.

    The consul general then accused some Nigerian groups in South Africa of “peddling lies and outright falsehoods” against the Mission and his person.

    “These disgruntled elements have gone ahead to incite fellow Nigerians with intent to sabotage the Mission.

    “Moreover, a lie and falsehoods often repeated amounts to a propaganda which can be misinterpreted by the gullible and undiscerning as truth,” the Nigerian envoy said.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    Business Finance South African TRADE
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    I’m Stunned To Find Out That Wig Renting Is A Business – Toolz

    Jan 10, 2023

    Five Ways To Analyze The Forex Market

    Dec 22, 2022

    Why FG is investigating Mikano, Jubali Brothers, JMG over generator importation

    Dec 15, 2022

    Food Inflation: Average price of tomato rises 30% in one year – NBS

    Oct 28, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Get Social with Us
    • Facebook
    • Twitter 6.5K
    • Pinterest 93
    • Instagram
    • YouTube
    Latest Posts

    It’s Painful To See How Easily Violence Is Provoked Nowadays – Pope Francis

    Feb 8, 2023

    Arsenal Failed To Beat Monaco To Mbappe’s Signature – Gilles Grimandi

    Feb 8, 2023

    My Husband Forced Me To Laugh At His Dry Jokes Before Travelling – Mercy Aigbe

    Feb 8, 2023

    Declan Rice Will Be Worth Every Penny Wherever He Ends Up – Mark Noble

    Feb 8, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    Ex-Senator Advocates “Self-Amnesty” For Looters Of Nigeria’s Treasury

    Aug 16, 2015

    Another Batch of Ogun “Okada” Riders Given Free Crash Helmets

    Dec 25, 2013

    4-Year Wait Makes World Cup Exciting – Oliseh

    Sep 11, 2021

    Reactions: orange caf confederation cup play-offs draw

    Apr 1, 2014

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?