South African President, Jacob Zuma has pledged his commitment to help Nigeria in the generation of electricity even as he declared that it can also assist in the exploration of solid minerals. He said there is potential for greater business to business engagements between the two countries.
Zuma further stated that both countries must collaborate by diversifying their economies to create employment as this will further improve the impact that Africa can have in the global economy and to reconfigure the terms of trade.
“the diversification of the economy, namely electricity generation and supply, agriculture and agro-processing, tourism development including the hospitality sector, mining, banking, infrastructure development, aviation, manufacturing and the automotive sector.
He said by doing this, both countries would break away from the colonial legacy that has turned Africa into providers of primary commodities and recipients of processed goods.
“We must strive to bring the manufacturing plants closer to the sources of raw materials. South Africa and Nigeria can to a large extent, complement each other towards the achievement of this”, he pointed out.
