By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DNE Africa
  • Home
  • Politics
    Africa CEO Forum Concludes with Over $200 Million in Deals, Eyes New Public-Private Pact
    Business

    Africa CEO Forum Concludes with Over $200 Million in Deals, Eyes New Public-Private Pact

    By Mohamed Samir 5 Min Read
    Africa CEO Forum Awards 2025 Honour Leaders of Transformation
    Business

    Africa CEO Forum Awards 2025 Honor Leaders of Transformation

    By Mohamed Samir May 13, 2025
    The Presidential Panel, held on the first day of the Africa CEO Forum, featured President Paul Kagame of Rwanda, President Cyril Ramaphosa of South Africa, President Mohamed Ould Ghazouani of Mauritania, and Vice President Tiémoko Meyliet Kone of Côte d'Ivoire.
    BusinessPolitics

    Africa CEO Forum: African Leaders Tackle Unity, Peace, Economy at Presidential Panel

    By Mohamed Samir May 12, 2025
  • Business
    Why SoftPOS and mPOS are the key to unlocking financial inclusion in Egypt and remains a largely untapped driver of new revenue streams and growth within the financial sector
    Businessopinion

    Why SoftPOS and mPOS are the key to unlocking financial inclusion in Egypt and remains a largely untapped driver of new revenue streams and growth within the financial sector

    Rising from the midst of an informal economy and low bank account…

    By Usama Elsayed 7 Min Read
    South Africa Considers Additional Incentives for Auto Industry to Counter U.S. Tariffs
    Business
    South Africa Considers Additional Incentives for Auto Industry to Counter U.S. Tariffs
    AfDB Secures $2.7 Billion for Nigeria’s Agricultural Transformation
    BusinessInsider
    AfDB Secures $2.7 Billion for Nigeria’s Agricultural Transformation
    Namibia Urges U.S. to Uphold Trade Rules After 21% Tariffs Hit Key Exports
    Business
    Namibia Urges U.S. to Uphold Trade Rules After 21% Tariffs Hit Key Exports
    IMG 1282
    Business
    Zanzibar Introduces Digital Loan Platform to Enhance Financial Access for Special Groups
  • Culture
  • Opinion
  • Technology
  • World
  • My Bookmarks
Reading: Russia to Support Nigeria’s Key Sectors Under BRICS Partnership
Sign In
  • Join US
DNE AfricaDNE Africa
Font ResizerAa
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Technology
  • World
  • My Bookmarks
Search
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Technology
  • World
  • My Bookmarks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Russia to Support Nigeria’s Key Sectors Under BRICS Partnership

Russia to Support Nigeria’s Key Sectors Under BRICS Partnership

Taha Sakr
Last updated: January 20, 2025 4:54 pm
By Taha Sakr 3 Min Read
Share
Russia to Support Nigeria’s Key Sectors Under BRICS Partnership
SHARE

Russia has reaffirmed its commitment to assist Nigeria in advancing key sectors, including agriculture, oil and gas, and mineral resources, following Nigeria’s recent inclusion as a partner country within the BRICS framework. Maxim Petrov, Russia’s trade representative in Abuja, outlined the country’s support for Nigeria’s economic growth during an interview with Russian media, emphasizing the potential for enhanced collaboration under the BRICS partnership.

According to Petrov, Nigeria, as Africa’s most populous nation, holds significant development potential that aligns with Russia’s interests as a member of BRICS. “Nigeria’s vast potential for growth, particularly in its agriculture, oil and gas, and mineral sectors, presents an opportunity for us to provide assistance and support,” he said. Russia’s involvement in these sectors is part of a broader strategy to strengthen bilateral relations and foster sustainable economic development in Nigeria.

The two countries also aim to focus on human resource development, with Russia offering free higher education opportunities to Nigerians. This initiative is part of a broader commitment to nurturing skilled professionals who can contribute to Nigeria’s economic progress. Petrov highlighted plans to expand cooperation into secondary vocational education, allowing Nigerian students trained in Russia to return home and apply their skills in critical sectors such as agribusiness and industry.

Furthermore, Petrov framed Nigeria’s participation in BRICS as a significant shift from a unipolar world order. “Nigeria’s accession to BRICS as a partner is not just an indication of a growing interest in deeper cooperation with member states, but also a sign of broader geopolitical changes,” he said. Petrov emphasized that this move reflects a departure from historical power structures where former colonizers labeled nations as ‘developed,’ ‘developing,’ or ‘third world’ while extracting resources and wealth from these regions.

He also pointed out that BRICS offers an alternative to the Western-dominated financial systems, such as the IMF and World Bank, which he described as promoting neocolonialism through debt dependency. “BRICS represents a new direction, moving away from the practices of extracting rents from developing nations under the guise of financial assistance,” Petrov concluded.

Nigeria’s inclusion in BRICS as a partner country highlights the country’s evolving role in the global arena and its growing alignment with the bloc’s objectives of fostering multipolar global cooperation. The partnership is poised to enhance trade, investment, and socio-economic development, benefiting both Nigeria and the broader BRICS community.

You Might Also Like

Africa CEO Forum: African Leaders Tackle Unity, Peace, Economy at Presidential Panel

Ethiopian Amhara Fano Factions Unite, Announce Central Command

Ethiopian government conducting unlawful conscription: Amhara Association of America

African Union Launches Plan to Accelerate Free Movement Protocol

Senegalese President Holds Talks with Senior Qatari Official

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Reddit Telegram Email Copy Link

You Might Also Like

Republic of Congo Seeks BRICS Membership, President Says
Politics

Republic of Congo Seeks BRICS Membership, President Says

By Taha Sakr 1 Min Read
Ethiopian Government Allocates $1.6 Billion in Subsidies, Reports Strong Economic Growth
Politics

Ethiopian Government Allocates $1.6 Billion in Subsidies, Reports Strong Economic Growth

By Taha Sakr 3 Min Read
Somali PM Makes Cabinet Changes, Appoints New Defense Minister Again in Less Than Two Months
Politics

Somali PM Makes Cabinet Changes, Appoints New Defense Minister Again in Less Than Two Months

By Taha Sakr 1 Min Read

More Popular from DNE AFRICA

Ad imageAd image
Businessopinion

Why SoftPOS and mPOS are the key to unlocking financial inclusion in Egypt and remains a largely untapped driver of new revenue streams and growth within the financial sector

Rising from the midst of an informal economy and low bank account usage, Egypt’s financial sector…

By Usama Elsayed
Politics

Sudanese Rapid Support Forces Declare ‘New Phase’ in Conflict with National Army

A new statement from Pasha Tabiq, an advisor to the commander of the Sudanese Rapid Support…

By Taha Sakr
Politics

Prosperity Party Claims Creation of Three Million Jobs Amid Ongoing Economic Struggles

The Prosperity Party, led by Prime Minister Abiy Ahmed, has faced growing skepticism after announcing the…

By Taha Sakr
Politics

PM Advisor Getachew Reda Moves to Form New Party Amid TPLF Dispute

Amid a political registration dispute, Getachew Reda, a prominent figure in the Tigray People’s Liberation Front…

By Taha Sakr
DNE Africa

News by Africans, For Africans

Categories

  • The Escapist
  • Entertainment
  • Business

Quick Links

  • Advertise with us
  • Newsletters
  • Complaint
  • Deal

DNE Africa.All Rights Reserved.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?