Event Date: 15 June 2023
JOINT MINISTERIAL ADVISORY COUNCIL ON INDUSTRY, TRADE & INVESTMENT (JMACITI)
The South Africa-Nigeria Joint Ministerial Advisory Council on Industry, Trade & Investment is a bilateral initiative to boost relations between Africa’s two biggest economies.
It was launched in November 2021 on the side lines of the 12 Session of the Binational Commission sitting in Abuja.
It is led by the Ministry of Trade, Investment and Competition (DTIC) in South Africa and the Federal Ministry of Industry, Trade & Investment (FMITI) in Nigeria. The two Ministries will jointly co-ordinate the work of a private sector Advisory Council, which comprises companies and organizations in South Africa and Nigeria.
Each country has its own process, and the two will come together to discuss market entry and operational challenges as well as investment opportunities in each other’s countries.
The Council is expected to serve as a critical vehicle for facilitating and promoting private sector participation in Africa’s two largest economies and strengthening trade and investment ties.
