Nigeria's Sola Enikanolaiye Advocates for Russia Investment

At the Third Russia-Africa Summit in Moscow, Nigeria's Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, urged for stronger economic cooperation between Nigeria and Russia. He emphasized the necessity of moving beyond political commitments to achieve measurable economic results.

Enikanolaiye identified practical barriers to trade, such as banking restrictions and inadequate financial infrastructure, and called for sustainable solutions. He highlighted sectors like energy, agriculture, and digital services as key investment opportunities for Russian businesses.

Enikanolaiye also advocated for Russian investment in infrastructure projects and emphasized the importance of technology transfer and capacity building in Africa. He called for cooperation in agriculture, particularly in fertilizer production and agro-processing, to enhance food security.

Additionally, he stressed the need for stronger security cooperation to combat terrorism and organized crime. Enikanolaiye reaffirmed Nigeria's commitment to international principles and called for reforms in the United Nations Security Council to ensure Africa's representation.

He expressed support for an Africa-Russia Action Plan for 2027-2029.