Russia pledges to help Nigeria, Africa overcome development challenges

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Russia pledges to help Nigeria, Africa overcome development challenges

The Russian government has assured that its Federation would support Nigeria alongside the rest of African countries in the search for solutions to economic and development challenges.

 Russian Prime Minister, Mr. Dmitry Medvedev, gave the assurance while declaring open the 2019 Annual Meetings of the African Export-Import Bank (Afreximbank) in Moscow.

Medvedev noted that despite the difficult global economic developments, positive goals can still be achieved with an effective partnership.

According to the prime minister, both economies are endowed richly, hence, Russia is now pleased to participate in the “ensuing projects, a development that will make strategic investments imperative on the continent and to support growth. 

He said that Russia would use its expertise to raise the value of the continent’s primary sector, particularly in industrial productions, mining, and agriculture.

Quoting him:

“Our export center is now a shareholder of Afreximbank. We have a sincere commitment for Africa and four African states have visited us in just a few months, as a show of the new relationship that we are building”.

“We look forward with hope for a brighter relationship that is built on trust and mutual respect, and most importantly relations that will bring economic prosperity to Africa and our country,”

He further disclosed that over 17,000 African students are studying in the country and stressed that both the country and the continent will deepen their friendship on the basis of business and more active interactions.

Also speaking, the Minister of Foreign Affairs at Russia, Sergey Lavrov, disclosed that Russia’s investment in Africa had increased over the years with a record of $20 billion in 2018.

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Lavrov added that Russia had made investments in such sectors as mining, energy and railway sectors, highlighting a nuclear power plant and industrial park developed by Russia in Egypt.

Africh Royale

Africh Royale

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