NIGERIA-SOUTH AFRICA POST-APARTHELD ECONOMIC RELATIONS 1994-2008

ABSTRACT

Following the end of Apartheid, between 1994 and 2008, Nigeria and South Africa emerged as Africa’s two most influential economies shaping the continents economic, political and diplomatic landscape. Their relationship was defined by both cooperation and challenges in areas such as trade, investment and regional security, cultural exchange and diplomatic collaboration.

A notable finding in this research reveals that the economic engagement between these two countries grew significantly, fueled by increased bilateral trade, investment and private sector expansion. South Africa Multinational Corporations (MNCs) including MTN, Shoprite and Standard Bank Aggressively entered the Nigerian Market contributing economic diversification. Nigeria on the other hand remained South Africa’s largest supplier of crude oil while also exporting other raw materials.