Russia Set To Build Strong Economic Ties With Nigeria


The Russian ambassador to Ngeria, Nikolay Udovichenko, has announced his country’s plans to build strong economic relationship with Nigeria.

Udovichenko made this disclosure while receiving the Managing Director, News Agency of Nigeria, Mr Bayo Onanuga at the embassy on Tuesday, saying Russia is ready to partner with Nigeria in its efforts to rebuild its economy.

He said trade between the two countries stood at 400 million dollars but noted that there was an ample room to expand it.

He said a Russian delegation, to be led by the Minister of Agriculture, was due in Nigeria in November to discuss areas of cooperation between the two countries.

The envoy said similarly, Russian major oil company, Gazprom, had entered into a joint venture partnership with the Nigeria National Petroleum Corporation (NNPC) to exploit abundant gas resources in the country.

Udovichenko also recalled the agreement signed between the two countries for the setting up of a nuclear research centre in Nigeria which would eventually lead to the building of a nuclear plant within the next seven years.

He said Russian companies were ready to give more favourable terms to Nigeria and work toward transferring technology to build the capacity of Nigerians.

The envoy said 10 Nigerians were receiving training in Russia in nuclear technology as part of the agreement signed in June.

He advised the government to give priority to agriculture so as to create more jobs, provide food and essential raw material to the industry.

The envoy promised to facilitate a news exchange agreement between NAN and ITAR-TASS to improve information flow between the two countries.

He stressed the need for closer cooperation between the media of the two countries so as to create better understanding and protect the image of both countries.


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