South Africa has expressed keen interest in collaborating with Nigeria to tap into its lithium reserves as part of efforts to drive the global electric vehicle (EV) revolution and green energy transition.
Bayo Onanuga, President Bola Tinubu spokesperson in a statement said the announcement came during the Nigeria-South Africa Business Roundtable held on Tuesday in Cape Town.
President Cyril Ramaphosa highlighted Nigeria’s vast lithium resources as a cornerstone for industrialisation in the EV sector.
He urged private sector players and development finance institutions to work together in building infrastructure and scaling up manufacturing capabilities for EV batteries.
“There is much opportunity for cooperation on pharmaceuticals and clean energy manufacturing industries. South Africa has developed a Just Transition Framework and an Investment Plan to drive renewable energy and green economy investments in the coming years.

“Together, we must leverage the abundant natural resources in our countries to promote green industrialisation,” Ramaphosa stated.
He emphasised the importance of processing critical minerals locally, calling on businesses to participate in initiatives aimed at achieving this goal.
President Ramaphosa also announced South Africa’s strong support for Nigeria’s bid to join the G20, describing the country as a “valued sister nation.”
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He made the declaration at the official launch of South Africa’s G20 presidency in Cape Town, shortly before hosting President Tinubu at Tuynhuys for the 11th Bi-National Commission (BNC) between the two nations.
During bilateral discussions, Ramaphosa reiterated that Nigeria’s inclusion in the G20 would amplify Africa’s voice on the global stage.
South Africa and the African Union are currently the only African representatives in the G20, with the AU gaining membership last year following South Africa’s advocacy.
“We have been the lone voice for Africa in the G20 for a long time. With the admission of the African Union, and now potentially Nigeria, we can ensure our continent is better represented. Africa is poised to be a major growth story, and it’s time for our big voice to be recognised,” Ramaphosa remarked.
The two presidents also discussed strategies to deepen economic cooperation and address mutual challenges as Africa seeks to leverage its resources for sustainable development.