South Africa is exploring opportunities to work with Nigeria on utilizing its lithium resources to boost the electric vehicle (EV) sector.
President Ramaphosa shared this vision during the Nigeria-South Africa Business Roundtable in Cape Town, emphasizing the potential of Nigeria’s lithium reserves in supporting the green energy transition.
He called for increased collaboration between the private sector and development finance institutions to enhance infrastructure and manufacturing for the EV industry.
Ramaphosa also highlighted the opportunity for joint efforts in the pharmaceutical sector and clean energy industries, as both nations are well-positioned to benefit from these growing sectors.
South Africa’s investment in renewable energy and green technologies is expected to rise significantly in the coming years, as part of a broader effort to move toward a low-carbon economy.
PLEAS READ: Nigeria, The PTDF Inquest as Revealed to the Senate
Additionally, South Africa expressed strong support for Nigeria’s bid to join the G20. Ramaphosa reiterated this during his meeting with Nigerian President Tinubu, underscoring the importance of amplifying Africa’s presence in global economic discussions.
He also mentioned that Africa, through the African Union’s recent G20 membership, is gaining recognition, and further inclusion of key African nations will strengthen the continent’s voice in global affairs.
