Home Business Buhari’s achievements at Russia-Africa Business Forum commendable- Abuja Chamber President
Buhari’s achievements at Russia-Africa Business Forum commendable- Abuja Chamber President

Buhari’s achievements at Russia-Africa Business Forum commendable- Abuja Chamber President


By Lubem Gena 


In view of the several impactful deals sealed by Nigerian President, Muhammadu Buhari at the just concluded Nigeria-Russia Business Forum, Prince Adetokunbo Kayode, Abuja Chamber of Commerce and Industry (ACCI) President has said such are commendable.


In a press statement made available to newsmen in Abuja late Thursday, 24th October, Prince Kayode said, it was particularly a huge sigh of relief which goes a long way to demonstrate that with close Public-Private Partnership (PPP), the country’s economy will grow faster.


Prince Kayode also stated that most of the deals sealed were direct recommendations by the chamber when it held the agenda setting roundtable preparatory to the Sochi Forum.


“I recollect with great enthusiasm how the Nigeria-Russia Business Council (NRBC), ACCI and collection of other critical stakeholders painstakingly took a look at the meeting and set agenda for the government and the OPS component.


The rest of his statement reads:

“In the interactive Roundtable critical stakeholders from public and private sectors including special interest groups to brainstorm on specific areas as Nigerian delegation should focus on at Sochi and we arrived at the following:


“Discussions on uncompleted critical national projects: Ajaokuta Steel Rolling Mill and the Aluminium Company Smelting Company of Nigeria (ALSCON). Action must be expedited to conclude these projects.


“Nigerian has challenges in the mining and extractive industry and defence Industries to low technical and logistic capacity. Russian has excess technical capacity to resolve these expeditiously and profitably.


“Nigeria is having critical infrastructure deficit facing her in the areas of roads, railways, ports and others. Strong partnership with the Russian state and private sector can play vital productive role.


“Agriculture collaboration is a fertile area of engagement. Nigeria needs to explore strong partnership with Russian agricultural sector within the framework of the Forum.


“Defence and Security Collaboration. Nigerian security challenges can best be addressed by renewing Old Russian military ties.


“On Nigeria’s investment climate and Security challenges, more energy needs to be injected must be mounted on Nigerian Government to fast track the on-going Ease of Doing Business in Nigeria.


“Russian close door approach was also focussed upon. Lack of Russian media outlet and cultural ties despite long years of relationship with Nigeria.


“Opening up business contacts for JVs with our entrepreneurs.


“Russian investment in our critical infrastructure like railways, ports, airports.


“JVs for Industrial Parks development in Nigeria.


“Ensure in the minimum MOU between Russia and Nigeria in all the areas identified above.


“Holding of B2B events covering the above sectors with the private sector playing prominent roles in the entire arrangement.


“Nigerian government should also fast track improvement in our business and investment climate to ease challenges of attracting direct foreign investment into the country and also take adequate measures to liaise with appropriate public agencies to align with clear policies already in place: (Immigration, Customs and NEPZA and NIPC etc.


“Today, it is evidently clear that most of these issues we highlighted in the agenda-setting roundtable have received accelerated consideration and deals around them have been signed between Russia and Nigeria”, Prince Kayode informed.


It could be recalled that Prince Kayode led the Nigerian private sector component to the Business Forum.


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