Key Points
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Nigerian immigrants play a critical role in South Africa’s economy.
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Nigerians are leading contributors to business, education, and innovation.
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Strengthening collaboration between Nigeria and South Africa offers mutual benefits.
Over the past several years, Nigerian immigrants have made substantial contributions to South Africa’s economic growth. While some may view immigrants as competitors for jobs, the reality is that they often help create jobs and increase per capita income.
According to a study by the Organisation for Economic Co-operation and Development (OECD), immigration has a positive impact on the economy.
The study emphasizes the need for better integration policies to combat discrimination and further enhance the economic contributions of immigrants.
Nigerians: A vital community contributing to South Africa’s growth
With over 500,000 Nigerians residing in South Africa, this group forms one of the largest and most influential immigrant communities in the country.
Nigerians have established thriving businesses, pursued careers in various sectors, and contributed positively to the social fabric of South African society.
Despite occasional negative stereotypes, Nigerians are often at the forefront of innovation and entrepreneurial initiatives.
The annual Nigeria Community Excellence Award (NECA) further highlights the achievements of Nigerians in diverse fields, changing the narrative about their contributions.
Nigerian investments, potential, and a call for collaboration
Nigerians have also made significant investments in South Africa’s economy, such as Access Bank’s R2.8 billion acquisition of Bidvest Bank. Yet, South Africa has yet to fully tap into Nigeria’s expertise, particularly in fintech.
Nigerians, known for their self-reliant business culture, can serve as mentors to South African entrepreneurs.
The Nigeria High Commission has taken steps to further strengthen collaboration by organizing the Nigeria Professional Forum in 2025, a platform for knowledge exchange and networking among Nigerian professionals in South Africa.
By fostering cooperation, South Africa can unlock even more economic potential through this partnership.
