Foreign
Why Russian investors should localise production in Nigeria — Envoy
(Photo: Amb. Abdullahi Shehu, Nigerian Ambassador to the Russian Federation with concurent accreditation to the Republic of Belarus.)
Amb. Abdullahi Shehu, Nigerian Ambassador to the Russian Federation on Tuesday encouraged investors from Russian to localise the production of their goods in Nigeria.
Shehu, in an interview with the News Agency of Nigeria (NAN) in Moscow urged the Russian investors to explore the enormous potential in Africa, particularly Nigeria.
Speaking on the just concluded 2nd Russia-Africa Economic and Humanitarian Summit, Shehu identified trade as one of the areas Nigeria would focus in its economic cooperation with Russia.
According to him, with the platform provided by the summit we can see that there are areas that each country can focus on.
“These include the area of trade. Almost all African countries are interested in trading with Russia. But the point that the Nigerian delegation made is that trade is good but investment and financing are better.
“It is so because under the current geopolitical situation, it is hard to buy and sell and transport goods from Russia to Africa because the logistic chains have been affected by the sanctions.
“Therefore, the best thing to do is to encourage Russia to understand the African market.
“They should explore the possibilities of investment in Nigeria and take advantage of its huge market and localise the production of their goods in Nigeria,’’ he said.
The Ambassador emphasised that there was a convergence of needs and opportunities in Africa, particularly in Nigeria.
“The needs are there and the Russian companies have the opportunities to invest in ICT, food production, energy and mining and other sectors.
“So, this is why Nigeria came with a vision to see that they sensitise the Russian companies with respect to graduating from trading to investment.
“And this cooperation is in vast areas with other African countries,’’ he said.
Shehu, who described the summit as a success, said that it did not only deepen the bilateral relations between Russia and African countries but it also fostered continental cooperation.
“So, now we believe that a platform for strategic partnership has been created,’’ he said.
Russia-Africa Economic and Humanitarian Forum 2023 which held on July 27 and July 28 in St. Petersburg recorded the participation of 17 Heads of State and over 15 African countries represented.
German authorities have arrested three teenagers aged 15 and 16 on suspicion of plotting a deadly Islamist terrorist attack in the western German state of North Rhine-Westphalia, prosecutors said on Friday.
The state’s Central Office for the Prosecution of Terrorism (ZenTer NRW) sought an arrest warrant for the teenagers over the Easter holiday.
They were suspected of plotting a terrorist attack in accordance with the aims and ideology of (extremist militia organisation) Islamic State.
The detained suspects are a 15-year-old girl from Dusseldorf, a 16-year-old girl from the Märkischer Kreis district and a 15-year-old boy from the Soest district, located about 100 kilometres to the east of Dusseldorf.
A fourth suspect has reportedly been identified in the south-western German state of Baden-Württemberg, and the local court there has issued an arrest warrant.
According to the investigators, the teenagers are accused of having agreed to commit murder and manslaughter.
This is in conjunction with the preparation of a serious act of violence endangering the state.
The presumption of innocence applied in all stages of the proceedings.
Security sources told newsmen that the young people had formed a chat group, but had not drawn up a concrete attack plan for a particular time and place.
However, sources said the cities of Dortmund, Dusseldorf and Cologne were discussed as targets, and attacks with knives and Molotov cocktails on people in churches or police officers in police stations had been considered.
The sources said authorities had also conducted searches as part of the investigation.
A machete and a dagger were seized in Dusseldorf, but no evidence of the construction of incendiary devices was discovered.
Sources said the father of the Dusseldorf suspect had already attracted attention from authorities in the past because he had allegedly collected donations for the Islamic State.
The investigators declined to reveal how the suspected terrorists were tracked down, but said that foreign intelligence agencies “did not play a role.”
Russia on Monday officially recognised Vladimir Putin as a candidate for the presidential elections in March, a vote that he is all but certain to win.
The 71-year-old has led Russia since the turn of the century, winning four presidential ballots and briefly serving as prime minister in a system where opposition has become virtually non-existent.
The Central Election Commission said it had registered Putin, who nominated himself, as well as right-wing firebrand and Putin-loyalist Leonid Slutsky as candidates for the vote.
The election will be held over a three-day period from March 15 to 17, a move that Kremlin critics have argued makes guaranteeing transparency more difficult.
Following a controversial constitutional reform in 2020, Putin could stay in power until at least 2036.
Rights groups say that previous elections have been marred by irregularities and that independent observers are likely to be barred from monitoring the vote.
While Putin is not expected to face any real competition, liberal challenger Boris Nadezhdin has passed the threshold of signatures to be registered as a candidate.
However, it is still unclear if he will be allowed to run, and the Kremlin has said it does not consider him to be a serious rival.
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