Friday, 25 October 2019

Nigeria Oil-sector benefits massively from Africa-russia Meeting

The report on desk shows that the Nigerian People especially area of Oil sector have Gained from the recent concluded Africa-Russia Summit held in Sochi, Russia which was attended by the President of Nigeria, Muhammadu Buhari and other delegates.

The summit which started from October 23-24 saw the Nigerian National Petroleum Corporation and the Russian Leading Oil Company, Lukeoil signing a Memorandum of Understanding to elevate trading relationship to a government-to-government backed partnership.

The Russian government has agreed to "improve the efficiency of our investment in infrastructure, infrastructure and economic diversification programs".

While taking note of the agreement between NNPC and Lukeoil, President Buhari gave assurance that his administration will "ensure this initiative is implemented within the shortest possible time."

President Muhammadu Buhari had also given President Vladimir Putin the assurance when he said "Nigeria was prepared and willing to work with Russian businesses all through. was told that the Nigerian President should be backing to Nigeria today.

Although the meeting of the two countries was not done at the front-end of the African-Russian Summit, Some Government workers witnessed the meeting like the minister of  State for Petroleum, Timipre Sylva,

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