• About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 9, 2025
Daily Concord News
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

    Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

    Wale Edun Rallies Private Sector to Deliver ₦1.5 Trillion Highway Investments

    Wale Edun Rallies Private Sector to Deliver ₦1.5 Trillion Highway Investments

    NASENI CEO Visits EFCC, Seeks Sustained Partnership on Anti-Corruption Reforms

    NASENI CEO Visits EFCC, Seeks Sustained Partnership on Anti-Corruption Reforms

    Matawalle Makes Operational Visits to North East, Reaffirms Federal Commitment to Security

    Matawalle Makes Operational Visits to North East, Reaffirms Federal Commitment to Security

    “We Will Restore Peace and Security Across Troubled States” — Nuhu Ribadu Assures

    NSA Ribadu Meets Benue Leaders, Reaffirms Federal Government’s Commitment to Ending Insecurity

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech

    NASENI Champions the Made-in-Nigeria Products Drive in Kebbi State

    MTN and Globacom Avoid Disconnection as Debt Dispute Resolved

    MTN and Globacom Avoid Disconnection as Debt Dispute Resolved

    Kwik Launches On-Demand E-Commerce Fulfillment Service In Nigeria With KwikShelf

    Kwik Launches On-Demand E-Commerce Fulfillment Service In Nigeria With KwikShelf

    DG NITDA Urges Computer Sciences Students to Drive ICT Innovation

    How To Apply For Bridge To MassChallenge Nigeria 2021

    How To Apply For Bridge To MassChallenge Nigeria 2021

    DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

    DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

    Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

    Wale Edun Rallies Private Sector to Deliver ₦1.5 Trillion Highway Investments

    Wale Edun Rallies Private Sector to Deliver ₦1.5 Trillion Highway Investments

    NASENI CEO Visits EFCC, Seeks Sustained Partnership on Anti-Corruption Reforms

    NASENI CEO Visits EFCC, Seeks Sustained Partnership on Anti-Corruption Reforms

    Matawalle Makes Operational Visits to North East, Reaffirms Federal Commitment to Security

    Matawalle Makes Operational Visits to North East, Reaffirms Federal Commitment to Security

    “We Will Restore Peace and Security Across Troubled States” — Nuhu Ribadu Assures

    NSA Ribadu Meets Benue Leaders, Reaffirms Federal Government’s Commitment to Ending Insecurity

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech

    NASENI Champions the Made-in-Nigeria Products Drive in Kebbi State

    MTN and Globacom Avoid Disconnection as Debt Dispute Resolved

    MTN and Globacom Avoid Disconnection as Debt Dispute Resolved

    Kwik Launches On-Demand E-Commerce Fulfillment Service In Nigeria With KwikShelf

    Kwik Launches On-Demand E-Commerce Fulfillment Service In Nigeria With KwikShelf

    DG NITDA Urges Computer Sciences Students to Drive ICT Innovation

    How To Apply For Bridge To MassChallenge Nigeria 2021

    How To Apply For Bridge To MassChallenge Nigeria 2021

    DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

    DG NITDA Urges Young Lawyers To Use Artificial Intelligence In Legal Services

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
Daily Concord News
No Result
View All Result
Home Opinion

For Nigeria, A Russian Romance Is Welcome by Richard Ogundiya

Tunde Abiola by Tunde Abiola
November 10, 2019
in Opinion, Politics
0
0
SHARES
30
VIEWS
Share on FacebookShare on Twitter

We are in a world that is governed by relationships: whether bilateral, multilateral, romantic, formal, informal, and what have you. Each is premised largely on what each person brings to the table – even where it is formed first from admiration. Relationships look broadly at the concept of gain and losses, what is added, and what is subtracted. And we cannot do without them. Hence the famous saying, no man is an island on his own.

For countries, nations look to others for what they cannot produce or do, and also for what to sell on what they produce or have done. While some bilateral relations are gained to make allies, not for the immediate but for the long term when the need may arise.

When Buhari attended Russia’s African summit unschooled opinions where needlessly critical of it. They did not ask the rather fundamental question of “what is in this for us?”, wait for the outcome, and then critic any unfair and imbalance deals, needless purchases, or wasteful spendings.

Unfortunately for them, and fortunately for Nigeria, there was nothing to critic.

Many Nigerians share concerns, genuine or otherwise, about the recurrence of President Buhari’s travels. But more than ever, at a time where the country is in dire need of as much help as it can get, Nigeria needs to restore and reform its diplomatic relationships with allies for its own economic, sociocultural and security interests. A few days ago, African leaders including President Muhammadu Buhari met with President Vladimir Putin and other Russian stakeholders in Sochi to explore and expand opportunities in security, trade and investment, science and technology, agriculture, transportation and oil & gas production; as well as revive existing ones. This is undeniably a big deal! And considering Nigeria’s history with the Soviet Union before its dissolution, this new pact breathes fresh understanding and marks the beginning of a new era of bilateral bromance for both countries.

For decades, western counterparts and the media have fuelled not too pleasant narratives about Russia, in some instances they have even berated the country for providing support to African states, in military, mineral, energy and other sectors pertinent for peace and stability. The former Soviet Union also aided African countries in their fights for independence and sought to build industrial infrastructure and develop national economies, but it did not take long for much of the clout to wane off. Russia relies on imports from Africa to cover its requirements for minerals such as manganese, bauxite and chromium. It needs Africa, as much as Africa needs it.

The result of the Soviet’s collapse is the decline in Russia’s engagement and presence in Africa, especially compared to the roles the US, UK and Asia play. The volume of on-going trade between Nigeria and Russia is relatively low, a paltry $350 million. This is poor given the rich economic and trade endowments of both Nigeria and Russia. The summit, the first ever of its kind, is a clear indication that Russia is stepping up its efforts to increase its influence in Nigeria and Africa at large. Putin reaffirmed intentions to restore his country as a major geopolitical player in the region declaring that the friendly relationship between Nigeria and his country has gained a new momentum, symbolized by a 93 per cent growth in trade between the two nations in 2018. He promised that Nigeria will get access to Russian companies ready to offer their scientific and technological developments.

Africa’s largest economy also sealed a major deal with Russia for the construction of two nuclear power plants, with a view to ending the country’s ongoing energy crisis. Other resuscitated projects include steel rolling mills (Ajaokuta and Aladja), ALSCON Ikot-Abasi, Akwa-Ibom (Nigeria’s only aluminium smelting plant), rail transportation, security and military cooperation, oil and gas, agriculture (wheat production and fertilizer) and education. Nigeria also procured 12 Mi-35 attack helicopters and got Russia’s support to help in its fight against Boko Haram. NiGaz Energy Company – a new joint venture between GASPROM, the world’s biggest national energy company and Nigerian National Petroleum Corporation (NNPC) was also birthed.

Nigeria needs Russian technology to boost industrialization just as Russia needs Nigeria as a market for its industrial products and military equipment. One of the three key themes of the summit was security which led to the design of a regional security architecture that would use new technological solutions to ensure security for cities, securing the borders and creating a buffer against the illegal movement of explosives, weapons, drugs and smuggling to reduce terrorist danger in the country. It should be noted that during the Nigerian civil war, circa 1970, Russia provided Nigeria with political and military assistants and today, the country accounts for 35% of arms exports to Africa. Nigeria-Russia Military Technical Agreement that lapsed a few years ago without being renewed will now be given due attention. The significance of this agreement lies in the fact that it opens the door to the procurement of military hardware, on a government-to-government basis, eliminating middlemen and reducing cost, as well as the training of military personnel, modernization of the armed forces, refurbishment and renewal of infrastructure and equipments.

This intervention was necessary for Nigeria in its efforts to overcome various difficulties, develop new relations of cooperation, and attain a balanced growth in economic relations between both countries. If Nigeria needs to make any new friends, or revive any dwindling romance, it is that which it has with Russia.

Richard Ogundiya is a researcher and journalist based in Lagos.

Tags: BuhariNigeria-Russia
Previous Post

ABBA KYARI: The Untold Story of President Buhari’s Chief of Staff

Next Post

EID el-MAULUD: President Buhari Asks Muslims to Follow the Examples of Prophet Muhammad

Tunde Abiola

Tunde Abiola

Next Post

EID el-MAULUD: President Buhari Asks Muslims to Follow the Examples of Prophet Muhammad

  • Trending
  • Comments
  • Latest

NIN-SIM Linkage: A Kidnappers’ Bogeyman On The Roll?

April 5, 2024 - Updated on February 9, 2025

How Atiku’s Lawyer’s Travelled To Cambridge To Confirm Buhari’s Certificate – And The Disappointment That Followed

September 6, 2019 - Updated on February 9, 2025

Vanguard Apologizes To Professor Osinbajo Over Fake News, Retracts Story

September 25, 2019 - Updated on February 9, 2025

I Will Waive my Constitutional Immunity to Clear my Name – Osinbajo

September 25, 2019 - Updated on February 9, 2025
Nigeria

Lest We Forget: Security Issues in Nigeria from 1999 to Date!

0
ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

0
Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

0
Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

0
Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

May 8, 2025
A Word of Caution to the Nigerian Public: Don’t Fall for the Traore Fake Hype

A Word of Caution to the Nigerian Public: Don’t Fall for the Traore Fake Hype

May 5, 2025
Why I Share in Wale Edun’s Optimism On The Nigerian Economy

At IMF Spring Meetings, Wale Edun Makes A Strong Case For Nigeria’s Economic Reform

May 5, 2025
Tuggar in Niamey: Nigeria, Niger Renew Diplomatic Ties, Reaffirm Joint Commitment to Regional Development

Nigeria As Africa’s Big Brother: Why Tuggar’s Visit to Niger Signals a New Dawn

May 1, 2025

Recent News

Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

May 8, 2025
A Word of Caution to the Nigerian Public: Don’t Fall for the Traore Fake Hype

A Word of Caution to the Nigerian Public: Don’t Fall for the Traore Fake Hype

May 5, 2025
Why I Share in Wale Edun’s Optimism On The Nigerian Economy

At IMF Spring Meetings, Wale Edun Makes A Strong Case For Nigeria’s Economic Reform

May 5, 2025
Tuggar in Niamey: Nigeria, Niger Renew Diplomatic Ties, Reaffirm Joint Commitment to Regional Development

Nigeria As Africa’s Big Brother: Why Tuggar’s Visit to Niger Signals a New Dawn

May 1, 2025
Daily Concord News

Bringing the most intriguing News from around the world you everyone in a positive way

Follow Us

Browse by Category

  • Africa
  • Basketball
  • Business
  • Culture
  • Economy
  • Education
  • Food
  • Football
  • Foreign Affairs
  • Gaming
  • Health
  • Health
  • Interviews
  • Lifestyle
  • local
  • News
  • Nigeria
  • Opinion
  • Politics
  • Science
  • Security
  • Sports
  • Tech
  • Uncategorized
  • World

Recent News

Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

Minister Edun Leads FG’s New Push for Agricultural Revamp with Propcom+ Support

May 8, 2025
A Word of Caution to the Nigerian Public: Don’t Fall for the Traore Fake Hype

A Word of Caution to the Nigerian Public: Don’t Fall for the Traore Fake Hype

May 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Daily Concord News - All Rights Reserved.

No Result
View All Result

© 2025 Daily Concord News - All Rights Reserved.