South Africa to partner with Nigeria on energy
Lagos: The government of South Africa will be partnering with its Nigerian counterpart on the development of the energy sector which it considers as a major way to boost its economy. According to a news release made available to Journalists in Cape Town on Monday, the South African government said that it was important to trade with Nigeria in this area as a result of the glaring opportunities that abound in the energy sector of the Nigerian economy.
Saying that Nigeria is a strategic partner of South Africa, the news release pressed further that the partnership between both countries in the area of energy sector would help boost the economies of both nations.
The statement also said that all the arrangements required to seal the deal between Nigeria and South Africa in order to have a smooth partnership in energy sector would be made by the leadership of both countries soon.
Just on Friday, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Austen Oniwon, called on the South African government to partner with Nigeria to explore the investment opportunities now available in the nation's energy sector.
He described the various opportunities in the Nigeria oil and gas industry as limitless, stressing that through such partnerships, the two nations stood to gain a lot for the benefits of their economies.
Mr. Oniwon added that Nigeria was ready to partner with South Africa in order to harness and develop the natural gas endowment of the nation from upstream to the downstream in order to move the continent forward just as he explained that President Goodluck Jonathan had already initiated some key projects which in the next four years would enable the country to utilise maximally its abundant gas resources towards national development.