We must improve the ease of doing business with Nigeria: Ebrahim Patel

2021-12-01 05:26:00 PM
We must improve the ease of doing business with Nigeria: Ebrahim Patel

If SA and Nigeria want to see their economies grow, both countries need to work towards removing the barriers to doing business, this is the view of trade and industry minister Ebrahim Patel.

If SA and Nigeria want to see their economies grow, both countries need to work towards removing the barriers to doing business, this is the view of trade and industry minister Ebrahim Patel.

If SA and Nigeria want to see their economies grow, both countries need to work towards removing the barriers to doing business, this is the view of trade and industry minister Ebrahim Patel.

In addition to that, he said SA was a fairly significant supplier of things like polymer and polypropylene to the Nigerian market, some food products as well as, increasingly, machinery.“The question for us is how can we enable development in both countries? It is not a zero-sum game because SA’s growth does not have to be at Nigeria’s expense. That means that it needs the legal regime that allows it and requires the policy co-ordination.”

The legal regime was set up largely through the African Continental Free Trade Area while the relationship part was what Ramaphosa's visit was all about.“It’s the political leadership of both countries recognising that if we can unlock the obstacles and challenges, then both countries can grow. We have heard about the enormous challenges Nigeria faces with unemployment and low growth and those are the exact challenges SA faces.”

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5 hours ago In addition to that, he said SA was a fairly significant supplier of things like polymer and polypropylene to the Nigerian market, some food products as well as, increasingly, machinery.01 December 2021 - 12:44 Oliver Dickson Trade, industry and competition minister Ebrahim Patel.29 November 2021 - 14:52 Picture: 123RF/WAVEBREAK MEDIA LTD New Delhi — Debutant Rachin Ravindra and No 11 batsman Ajaz Patel survived intense pressure to help New Zealand draw the opening Test against India in Kanpur on Monday.December 1, 2021 He was speaking at the Hilton Hotel in Abuja where he met business leaders before bilateral trade talks with Buhari on Wednesday morning.

“The question for us is how can we enable development in both countries? It is not a zero-sum game because SA’s growth does not have to be at Nigeria’s expense. That means that it needs the legal regime that allows it and requires the policy co-ordination. Substantiating my case, I said Patel had managed to remain out of controversy in that no-one would immediat203.” The legal regime was set up largely through the African Continental Free Trade Area while the relationship part was what Ramaphosa's visit was all about. Ravindra faced 91 balls for his 18 not out, while Patel survived 23 balls to be unbeaten on two. “It’s the political leadership of both countries recognising that if we can unlock the obstacles and challenges, then both countries can grow. While that is an argument I stand by to a point, I have become less married to the idea that Patel has managed to stay away from controversy. We have heard about the enormous challenges Nigeria faces with unemployment and low growth and those are the exact challenges SA faces. “We have agreed we are going to improve and create a conducive environment for our businesses to operate, for Nigerian businesses to operate in SA and for SA businesses to operate in Nigeria within an environment that will allow businesses to thrive and grow.

” Patel said when people visit supermarkets in both countries there are many products that are manufactured in other parts of the world. What seemed a mere administrative oversight three months ago, when Patel delayed issuing a crucial request for applications for the fourth national lottery licence, now seems either a blatant dereliction of duty or the early warning signs of a potential conflict of interest hot potato. “The Indian side is a formidable one, they were on top for the large part, but we hung around. “Of course we want to be part of the global trading system, we don’t want to disengage in trading with the world but Africa can produce more of what it needs.” On SA businesses exiting the Nigerian market due to various reasons, Patel said: “SA has raised in discussions with Nigeria that both countries need to find ways of doing business, that there needs to be more predictability with the regulatory regimes and that it should be easier to identify products from each other’s countries that are imported and exported. It is such a complex process to put together a sound bid for this licence that the law gives interested parties a two-year runway.” Furthermore, there needs to be protection from the rule of law. Ravindra Jadeja (4/40) and Ravichandran Ashwin (3/35) took the bulk of the wickets for the hosts. “Businesses must be entitled to repatriate dividends and one of the specific areas that the South African businesses have raised as a challenge is the difficulty in importing goods from SA given that there is a list of restricted products. This week should have been the deadline for bid submissions, but Patel has not yet even opened the bidding process, which should have occurred in the middle of September.”.

“Our Nigerian colleagues have been very open about the opportunity for SA to identify products that should be removed from the list and we will be submitting those products.” Likewise, Nigerian business leaders have raised concerns about the difficulty of the visa regime in SA. The board, which should have been in constant engagement with Patel during this time, said it last met Patel in 2019.” Asked about his chat with the umpires when the light was being checked, Rahane said: “As a fielding team, you want to bowl more overs, as a batting unit you don’t want to bat in that situation. “They have identified the difficulties of legitimate business people coming to do business in SA on business trips and we are working now on a new arrangement that will make it easier for SA to identify ways of resolving those challenges.” This, he said, would be done respecting the policy positions of both countries. This seems to imply that this is more than just an administrative oversight in relation to the licence bidding process, but something more deliberate. Standard Bank SA CEO Lungisa Fuzile told TimesLIVE that often well-established South African businesses, particularly in the retail sector, set up shop in Nigeria and then are forced to disinvest 10 years later when they face challenges. The second and final Test starts in Mumbai on Friday.

Fuzile said it was the responsibility of the South African government to establish the root causes of that. We dare not allow the issue to be swept under the carpet though — this licence is worth R130bn over the next licence term. “Given the interests that both countries share, which is to encourage investments both ways, job creation in both countries and just making sure that the countries prosper,  you want to make sure that when an investment takes place, it is never reversed.” He said the visit by Ramaphosa, ministers and the business delegation presents an opportunity to discuss the opportunities that the two countries’ economies present, matters that will ensure that where businesses from the respective countries seek to take advantage of opportunities, they can do that easily and quickly so that investments can take place. I say close associate, but Copelyn himself describes his relationship with Patel in even more comradely terms, pointing to a friendship forged at the coalface during their anti-apartheid activist and union leadership days. “We simply do not do enough business between our two countries and among ourselves as African countries.” TimesLIVE . In a country where our body politic is defined by foul play, state capture and corruption, it is crucial to sound the sirens on a deal so delicate and seismic early on.