South Africa imports more than 70 per cent of its oil from Nigeria, Acting High Commissioner and Consul General of the Republic of South Africa, Bobby Moroe, has said.
Speaking at the Outward Selling Mission Programme in Lagos, Moroe said Nigeria leverages South Africa’s strategic geographic location as a hub to distribute oil and other products across the Southern African region, including Botswana, Mozambique, and Lesotho.
“This initiative is about more than trade—it is about building on our shared history and creating opportunities that benefit both nations,” Moroe said.
The programme, hosted annually by South Africa’s Department of Trade, Industry and Competition, returned this year after a three-year hiatus due to the COVID-19 pandemic.
According to Moroe, the event aims to revitalize economic ties, resuscitate existing markets, and explore new areas of collaboration.
A diverse delegation of South African businesses participated, spanning engineering, infrastructure, manufacturing, healthcare, mining, agriculture, and agro-processing.
Moroe emphasized that beyond oil, there are wide-ranging opportunities for cooperation, including road rehabilitation, housing construction, and technology exchange.
