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Russian Companies Set To Invest In Nigeria


A group of Russian companies have expressed willingness to do business in the country by investing in various sectors of the economy.

This was disclosed yesterday in Abuja when a 16-man delegation from Russia, representing different companies during a Nigerian-Russian business meeting at the instance of Abuja Chamber of Commerce and Industry (ACCI) in collaboration with the Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigerians in Diaspora Organisation Russia (NIDO) and the Nigerian Embassy in Russia.

Mr Ivan Klevtsov, leader of the delegation and Chief Executive Officer (CEO) of Metalwork, a Russian based production and engineering company, who spoke on behalf of his colleagues, said they were interested in exploring the demand of Nigeria market and developing the market enterprise.

Areas of interest by the companies include oil and gas, mineral development, security and financing technology.

According to him, the plan is to create a service centre for Russian manufacturers.

“People can easily maintain products made by Russian companies and Nigerian companies producing similar products.

“ We have the plan to open station for technical support for production in Nigeria and this will cut down the importation of equipment parts,’’ he said

Earlier, Nigerian Ambassador to the Russian Republic, Prof. Abdullahi Shehu, said that Russia had a lot of potential for Africa. Continue Reading


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