September 21, 2023 10:55 pm

Russian Official to Assist Nigeria in Reviving Steel Sector – RT Business News

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Russia has been a steadfast ally for Nigeria for decades, with the two nations having developed a strong government-to-government relationship. This was reiterated by the Permanent Secretary of the Ministry of Mines and Steel Development, Mary Ogbe, during the Russia-Africa forum in St. Petersburg. She stated that Moscow would assist Nigeria in reviving its aluminum and steel mining sector.

During the forum, the discussion laid the foundation for an intensified cooperation between Russia and Nigeria. In addition to the cooperation in mining, the two nations also planned to collaborate in the fields of health, agriculture, and infrastructure. The forum reportedly received positive responses and focused on energy enhancement, which is crucial for Nigeria’s industrialization plans.

Mary Ogbe highlighted the significance of power in the industrialization process, stating that without sufficient power, industrialization would not be possible. She expressed gratitude for the favorable responses received during the forum, particularly in the context of Russia’s expertise and technology in the energy sector.

The Permanent Secretary of the Ministry of Petroleum Resources and OPEC Governor for Nigeria, Gabriel Aduda, further emphasized Nigeria’s interest in attracting Russian companies to energy projects. Additionally, the nation sought appropriate technologies to improve oil and gas extraction.

One key collaborative effort between Russia and Nigeria is the revival of Nigeria’s largest steel mill, located in Ajaokuta in north central Nigeria. Built by the Soviet Union about 44 years ago, the steel plant holds immense potential for the industrialization of Nigeria. Mary Ogbe expressed the desire to resuscitate the plant with Russia’s assistance.

The steel mill in Ajaokuta has the capacity to contribute significantly to Nigeria’s economic growth. Its revival would not only create employment opportunities but also strengthen Nigeria’s domestic industries by providing a reliable source of steel. This endeavor aligns with Nigeria’s vision for economic diversification and self-sufficiency in steel production.

The partnership between Russia and Nigeria extends beyond the steel sector, as both nations recognize the mutual benefits of cooperation in various areas. Nigeria, with its vast resources, offers opportunities for Russian companies to invest and contribute to the nation’s development. Meanwhile, Russia’s expertise and technological advancements can support Nigeria in achieving its industrialization goals.

Cooperation in sectors like health and agriculture can enhance Nigeria’s capacity to provide quality healthcare services and improve food security. Additionally, collaboration in infrastructure development can address Nigeria’s infrastructural deficit and support economic growth.

Overall, the Russia-Africa forum in St. Petersburg laid the groundwork for an expanded partnership between Russia and Nigeria. By resuscitating the steel plant and collaborating in various sectors, the two nations aim to foster economic growth, improve industrialization, and strengthen their bilateral relations.

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Original Source: Russian Official to Assist Nigeria in Reviving Steel Sector – RT Business News

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