Russia seeks new Economic Ties with Nigeria

The Russian Ambassador to Nigeria, His Excellency Alexey Sherbarshin has called for the revival of economic ties and trade relationship between Nigeria and Russia. He made the call while visiting the President of Abuja Chamber of Commerce and Industry, Prince Adetokunbo Kayode where they both discussed issues of mutual economic cooperation and trade relations.

The Ambassador used the occasion of the visit to intimate the President of the need for renewed trade relationship between Nigeria and his country to be reworked and made much more functional in order to make for win-win joint activities.

According to him, there are a number of upcoming events in his country which he would want the Nigerian counterparts to participate in and enjoined the Chamber to help inn mobilising them to that effect.

The parties also suggested that, in the course of all the upcoming events, arrangements should be made in such a manner that the businessmen on both sides will build closer relationships in B2B, support mechanisms, information and data sharing activities.

On the bi-lateral business council, HE Sherbarshin called on ACCI President to help in setting up the platform, which will serve as a melting pot between Nigeria and Russia in terms of business facilitation and promotion for both parties.

Prince Kayode specifically expressed readiness to work with the Russia in a manner that would revive the old economic ties that existed between the countries during which goods and services such as automobiles were regularly traded among the two nations.

He assured of the desire of ACCI to resuscitate the Nigerian side of the Nigeria-Russia Business Council which has gone comatose in the same manner as he promised to use his wide contact and the platform to ensure that Russian businessmen return to the country in large numbers.

Prince Kayode therefore called for the new relationship between the countries not to be one based on trading in finished goods only but also work on critical areas like setting up industries and technology transfer to Nigeria.

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