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South Africa Supports Nigeria’s G20 Bid, Eyes Lithium Reserves

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First with the News

South Africa Supports Nigeria’s G20 Bid, Eyes Lithium Reserves

December 4, 2024
in Economy, Politics, Top Stories
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South Africa Supports Nigeria’s G20 Bid, Eyes Lithium Reserves

Nigerian President Bola Tinubu (L) with his South African Counterpart Cyril Ramaphosa.

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By John Ikani

President Cyril Ramaphosa has announced South Africa’s full backing for Nigeria’s push to join the G20, describing the West African nation as an important partner and ally.

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Speaking at the official launch of South Africa’s G20 presidency in Cape Town, Ramaphosa voiced this support just ahead of his meeting with President Bola Tinubu at Tuynhuys. The two leaders co-chaired the 11th Bi-National Commission (BNC), fostering collaboration between their nations.

Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, shared details in a statement titled, ‘South Africa Eyes Nigeria’s Lithium for Electric Vehicle Revolution, Backs Nigeria’s Bid to Join G20.’

Ramaphosa reaffirmed South Africa’s endorsement of Nigeria’s G20 ambitions during both one-on-one discussions with Tinubu and expanded talks involving key officials from both countries.

The G20, established in 1999, brings together the world’s major economic powers. Its membership includes 19 countries and the European Union, collectively accounting for the bulk of global GDP, trade, and population.

The group addresses urgent global issues like economic growth, climate action, trade, and financial stability. Leaders, finance ministers, and central bank governors convene regularly to craft coordinated responses.

South Africa is currently the sole African country in the G20, alongside the African Union, which gained permanent membership in 2023. Ramaphosa stressed the importance of expanding African representation within the bloc.

He noted that South Africa had worked tirelessly to secure the AU’s inclusion, advocating for a stronger voice for the continent on the global stage.

“The voice of Africa has often been overlooked for too long,” he remarked, adding that bringing more African nations into the fold would help address this imbalance.

Highlighting Africa’s potential as a powerhouse of future growth, Ramaphosa said, “Our population is set to grow exponentially, and with that growth, Africa will become a significant player in the global economy.

“Our aim is for the world to recognise this potential and allow more African nations to contribute to shaping decisions within the G20,” he declared at the G20 presidency launch.

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