Nigeria and South Africa Trade Relations: Issues and Challenges (2006 - 2023)
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| Format: | Recurso digital |
| Langue: | anglais |
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2026
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| _version_ | 1866902138498580480 |
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| author | Bem, Japhet Audu Ali, Abu Ndah |
| author_facet | Bem, Japhet Audu Ali, Abu Ndah |
| contents | <p>Nigeria and South Africa, Africa’s two largest economies, have long maintained a robust trade <br>relationship. Although much research has been devoted to their economic exchanges, less <br>attention has been paid to the challenges within their trade relations. The gap in current <br>knowledge means that persistent economic challenges faced by both countries go unaddressed. <br>Nigeria’s over reliance on oil makes its economy vulnerable to global price changes and limits <br>growth in other sectors like agriculture and manufacturing. South Africa, in contrast, boasts a <br>more diversified but slow-growing economy plagued by high unemployment, energy issues, <br>and socio-economic inequality. These differences are mirrored in the balance of trade and <br>broader bilateral engagement. Despite a trade surplus with South Africa, Nigeria’s intra<br>African trade accounts for only 10% of its exports. Major barriers to enhanced trade include <br>inadequate infrastructure, difficult customs procedures and red tape, limited access to finance, <br>and insufficient investment in human capital. Addressing these barriers, especially the non<br>tariff barriers, standards, conformity assessments, and simplified customs procedures are <br>essential for both nations to unlock the full potential of their economic partnership and achieve <br>sustainable transformation</p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_20391597 |
| institution | Zenodo |
| language | eng |
| publishDate | 2026 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Nigeria and South Africa Trade Relations: Issues and Challenges (2006 - 2023) Bem, Japhet Audu Ali, Abu Ndah African trade relations Bilateral trade Bilateral trade South Africa <p>Nigeria and South Africa, Africa’s two largest economies, have long maintained a robust trade <br>relationship. Although much research has been devoted to their economic exchanges, less <br>attention has been paid to the challenges within their trade relations. The gap in current <br>knowledge means that persistent economic challenges faced by both countries go unaddressed. <br>Nigeria’s over reliance on oil makes its economy vulnerable to global price changes and limits <br>growth in other sectors like agriculture and manufacturing. South Africa, in contrast, boasts a <br>more diversified but slow-growing economy plagued by high unemployment, energy issues, <br>and socio-economic inequality. These differences are mirrored in the balance of trade and <br>broader bilateral engagement. Despite a trade surplus with South Africa, Nigeria’s intra<br>African trade accounts for only 10% of its exports. Major barriers to enhanced trade include <br>inadequate infrastructure, difficult customs procedures and red tape, limited access to finance, <br>and insufficient investment in human capital. Addressing these barriers, especially the non<br>tariff barriers, standards, conformity assessments, and simplified customs procedures are <br>essential for both nations to unlock the full potential of their economic partnership and achieve <br>sustainable transformation</p> |
| title | Nigeria and South Africa Trade Relations: Issues and Challenges (2006 - 2023) |
| topic | African trade relations Bilateral trade Bilateral trade South Africa |
| url | https://doi.org/10.5281/zenodo.20391597 |