Politics At a meeting in the Black Sea resort of Sochi on Thursday, Nigerian President Muhammadu Buhari signed contracts with Russian President Vladimir Putin for military cooperation and economic development, consisting of Nigeria’s oil and gas resources. Nigeria is likewise working with Russia to build a nuclear reactor.
Nigeria’s This Day supplied some information of the meeting between Buhari and Putin:
[The joint statement] stated both leaders signed statements to collaborate to enhance efficiency of Nigeria’s oil sector, which it referred to as the backbone of the economy, in a manner that will see to rehab of epileptic oil refineries through facility of framework for a joint venture in between Nigerian National Petroleum Corporation (NNPC) and Russia-based leading oil business, Lukoil.
Mentioning that NNPC and Lukoil will work towards prospection of oil in deep offshore, the statement stated Nigeria and Russia also concurred to restore and strengthen the venture in between the NNPC and Russia’s gas giant, Gazprom, for the development of Nigeria’s massive gas capacity and infrastructure.
It likewise stated Buhari raised the issue of uncompleted and abandoned Ajaokuta Steel Rolling Mill, requesting for the return of Russia to the project on a government-to-government relationship for the completion and commissioning of the plant and was promptly accepted by Putin.
The declaration included that the Russian government concurred to support the development of Nigeria’s rail infrastructure by constructing 1,400 kilometres track from Lagos to the South-south city of Calabar.
Buhari and Putin accepted revive a lapsed military cooperation contract and make it possible for Nigeria to obtain more Russian armed force hardware and training, including a lots Russian Mi-35 attack helicopters. This month, Nigerian officials said they thought Russia’s experience at battling the Islamic State in Syria could assist Nigeria beat Boko Haram, the regional ISIS affiliate.
Two Russian Tupolev Tu-160 nuclear-capable bombers got here in South Africa on Wednesday as part of Russia’s plan to increase its footprint in Africa, recovering from the diplomatic collapse that followed the fall of the Soviet Union in the early 1990 s.
Buhari was one of dozens of African leaders welcomed to Sochi by Putin to discuss increased trade, security cooperation, and financial obligation relief. Putin announced at the meeting that Moscow will forgive about $20 billion of African debt.
Russia’s plans to develop nuclear power plants in African nations have been criticized as debt traps that will tempt the Africans into buying expensive facilities that is not well-suited to their needs. Nigeria is the only African country aside from South Africa that fulfills the global standards for building a nuclear plant.
Russian Energy Minister Alexander Novak stated on Wednesday his nation embraces the chance to “broaden and deepen” cooperation with Nigeria, the largest oil producer in Africa.
” I am convinced that the experience, abilities and contemporary technologies of Russian companies can be utilized to further develop the country’s oil and gas sector,” Novak said, pointing to Nigeria’s requirement for outside financial investment to bring its oil refineries up to capacity. Among other problems, Nigeria’s oil infrastructure has actually frequently been sabotaged and looted by insurgents.