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Russia and Nigeria: Turning A New Page In Their Relationship?

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Russia and Nigeria

By Kestér Kenn Klomegâh

On March 6, Russian Foreign Minister, Mr Sergey Lavrov, held talks with Nigeria’s Minister of Foreign Affairs, Mr Yusuf Maitama Tuggar, who was in Moscow on an official two-day working visit.

The visit, at the invitation of the Russian Foreign Ministry, which has a lot of distinctive implications and strategic interpretations, was a conscious follow-up to review and discuss Russian-Nigerian partnership issues that were raised long ago and during the second Russia-Africa summit held last July 2023.

Vice President Kashim Shettima headed the Nigerian delegation to attend that second Russia-Africa summit in St Petersburg, and Mr Tuggar was among the group.

He often reiterated that Nigeria is one of Africa’s biggest countries and Russia’s priority partner in the West African region.

In the opening remarks and with historical precision, Lavrov mentioned the frequency of Nigeria delegations visiting Moscow, saying “This meeting reflects the long-term friendship between our nations and good prospects for the development of our relations at this stage. We consider Nigeria a priority partner on the African continent.”

In practical terms, Russia has maintained a ‘cordial relationship’ with Nigeria these several years after the collapse of the Soviet era. The greatest achievement, of course, is sustaining the political consultations and frequent dialoguing on several economic issues which have not been effectively implemented in the country.

At the media conference after their ‘behind-the-scene’ discussions on March 6, Lavrov and Tuggar reaffirmed their commitment to the Russian-Nigerian cooperation in political, trade, economic, humanitarian and other areas. It also included the prospects for expanding business contacts and implementing joint projects in energy, mining and mineral processing, construction and modernising infrastructure and agriculture.

“With this aim in view, we have agreed to stimulate the activities of the Intergovernmental Commission for Trade, Economic, Scientific and Technological Cooperation and to make use of the capabilities of the Russia-Nigeria Business Council. We need to improve our legal framework for implementing projects of mutual interest. We have an interest in implementing the agreement on military-technical cooperation, which has recently been extended. Our Nigerian friends are interested in this too,” Lavrov emphasized.

The two Ministers, during the joint media conference, inevitably never pointed to a single project implemented, undertaken and completed during these several years. The ministry’s website says Lavrov has held his position as foreign minister for two decades, since 2004, and has been dealing with Nigeria and African countries.

More than 15 years ago, Lavrov held a review meeting with his former Nigerian counterpart, Mr Ojo Mbila Maduekwe, who paid a three-day working visit to Moscow. After the closed-door bilateral talks held in March 2009, both Ministers, as always, held a brief media conference and emphatically noted that Moscow was prepared to offer trade preferences to Nigeria.

They also agreed on a broad range of bilateral economic issues, many of which have still not been implemented. Until today, Russia has never honoured its promise of extending trade preferences, in practical terms, to Nigeria. Extending trade preferences was interpreted as an integral part of strengthening bilateral economic and trade cooperation between the two countries.

For trade relations between Russia and Nigeria and other African states to improve appreciably, Professor Dmitri Bondarenko, deputy director of the Russian Academy of Sciences’ Institute for African Studies, suggested “Russia gives some trade preferences to African countries – for example, tax exceptions or reduction among other measures. This can become an effective political step to strengthen economic cooperation with African countries.”

Today, Nigeria is Russia’s second-largest trade partner, only in theory, among sub-Saharan African countries. Russian business circles show an ever greater interest, with sweet rhetoric, in entering the promising market of that large country.

The volume of trade should be in the billions of dollars, even without military hardware. One of the major hindrances to free trade and a significant increase in trade transactions between Nigeria and Russia is the lack of direct air flights. This makes it more inconvenient and expensive for potential investors to travel easily to both countries. Besides, there is no adequate economic and social information available to potential Russian and Nigerian investors.

Russian and Nigerian ambassadors have come forth and back over the years. In May 2022, the Nigerian Ambassador to the Russian Federation, Professor Abdullahi Shehu, gave an inspiring lecture at the Diplomatic Academy of the Russian Ministry of Foreign Affairs.

Most of the points he raised in that lecture included decades of Moscow’s economic failures in Nigeria and many African countries despite the boast of several years of cordial relationship with Africa.

Professor Shehu’s lecture script points to the fact that President Vladimir Putin considers Africa a so-called second frontier, after Eastern Europe for encircling Western Europe…these reasons may sound strategic yet they remain largely speculative and conjectural.

Understandably, the perceived geopolitical irrelevance of Africa by Russia has changed only a little and new dynamics have beckoned on both sides of subsisting opportunities for increased collaboration between Africa and Russia.

Despite the tidal surge in the new Africa-Russia relations and given the strategic role played by the defunct Soviet Union, now succeeded by Russia, in the attainment of the independence of many African countries, both parties must accept the constraints posed on the former [Russia] by the new economic cum geopolitical realities. The acceptance of these new realities is important to properly assist in the management of Africa’s expectations from Russia particularly in the short term.

Today, for instance, Nigeria offers Russia the advantage of cheap and robust labour. Given Russia’s recent experience of sanctions by America and its Western allies, a new model of doing business with Africa through investment has become, not only sustainable but also imperative. Perhaps, one of the sectors where this model of doing business can be symbiotically harnessed is the field of agriculture and its value chain as a result of the steep rise in the large African market and the projected certainty of huge returns on investment in this sector, according to Ambassador Shehu.

Part of the major essence of this lecture was to look at the past to chart a course for the future, inhaling the fresh aroma of the beauty of the ‘rose’ in the Africa-Russia relationship, weeding out the thorns of inconvenience on which Africa and Russia have marched and straighten any crooked path along which both have passed to arrive faster to the desired destination. While Africa cherishes the important MOUs and agreements Russia has with Africa, there is a need to translate such agreements and MOUs into concrete realities. Additionally, balancing Russia’s commercial interests of arms sales to Africa will ensure that the latter enjoys relative stability and peace so vital for its development.

Without a doubt, Russia has had a long chequered history of post-Soviet diplomacy. Nigerian President Olusegun Obasanjo visited Russia in 2001. That year, Russia and Nigeria signed the fundamental document for interstate cooperation, the Declaration on Principles of Friendly Relations and Partnership. According to President Vladimir Putin, the Russian Federation, like the former Soviet Union, has always attached great significance to promoting its relations with the African continent. Nigeria occupies a special place among African countries. It is one of the largest and most powerful countries in Africa. Its head of state is a recognised leader not only on the continent but in the whole world.

Discussions ended with the administrative long list of projects, and on top were joint activities in the sphere of high technology and the launching of several satellites to be used by Nigeria for environmental monitoring and remote sensing of the Earth are being contemplated. That was on March 6, 2001.

Since then, there have been some deals and business proposals that have never seen the bright sunlight. As far back in June 2009, Dmitry Medvedev as president visited Nigeria for the first time, and held topmost state-level talks on possible nuclear energy, oil exploration and military cooperation. There were talks also focusing on the establishment of a petrochemical plant in Nigeria. Alongside there was also a declaration on principles of friendly relations and partnership between Nigeria and the Russian Federation.

Russian investors had wanted to revamp the Ajaokuta Iron and Steel Complex which was abandoned after the collapse of the Soviet Union more than three decades ago, and further take up energy, oil and gas projects in Nigeria, as well as facilitate trade between Nigeria and Russia. In addition, Russia has been prospecting for its nuclear power ambitions over the years. The promise was to build two nuclear plants estimated cost of $20 billion – the bulk of it by Russia is to boost Nigeria’s electricity supply.

Russia’s second-largest oil company, and privately controlled Lukoil, has gone back and forth these several years with plans to expand its operations in Nigeria, and in many West African countries. There has been a long-dead silence after Gazprom, the Russian energy giant, signed an agreement with the Nigerian National Petroleum Corporation [NNPC] on the exploration and exploitation of gas reserves with a new joint venture company known as NiGaz Energy Company.

Some experts argue that there are many other aspects of the bilateral relations. With high interest, Russian officials are pushing for military-technical cooperation. The supply of Russian military equipment could play a high-value addition to the fight against notorious Boko Haram. In most of the economic deals, the Nigerian political elites are under the strong influence of Paris, London and Washington.

South African Institute of International Affairs [SAIIA], a Johannesburg-based foreign policy think tank, put out a report titled “Russia’s Military Diplomacy in Africa: High Risk, Low Reward and Limited Impact” in part says that “Russia’s growing assertiveness in Africa is a driver of instability, its approach to governance encourages pernicious practices, such as kleptocracy and autocracy in Africa.” Worse is that Russia’s strengths expressed through military partnerships fall short of what is needed to address the complexities and scale of the problems facing those African countries. Russia encourages the military regimes [Burkina Faso, Mali and Niger] to hold onto political power, instead of constitutional democracy.

Nigeria is an economic powerhouse in the West African region. As well known, Nigeria is one of Africa’s fastest-growing economies and it has the largest population. Russia and Nigeria have some sort of economic relations, but these are not consistent with the long-standing cordial relations between both countries.

In addition, Nigeria is a vast market with huge potential for prospective foreign investors and so is Russia. Regrettably, investors from both sides appear to know little about these opportunities. This is, usually attributed to the apparent inadequate knowledge of the many investment opportunities in both countries. Despite criticisms, reports show that the majority prefer traditional markets – the United States and Europe, and now the Asian region. The African political elite and business people choose the United States and Europe for their holidays and as tourism destinations.

Lest we forget that Vladimir Putin held discussions with the President of the Federal Republic of Nigeria Muhammadu Buhari, who went to Sochi to take part in the first Russia-Africa summit in October 2019. Putin reminded during talks that priority to joint search for opportunities to broaden trade, economic and investment cooperation were assigned to the Intergovernmental Commission for Economic Cooperation and the Russia – Nigeria and Nigeria – Russia Business councils set up in 2006–2007.

In response, Muhammadu Buhari said in part: “Mr President, there are many similarities between Russia under your leadership and Nigeria’s aspirations for the future. We can learn a lot from the experience of Russia’s ongoing reforms, of transitioning from an oil-dependent economy to a modern, diversified and inclusive economy. Russia has through these reforms successfully privatised several state-owned entities, which have now become global household names. This is especially so in the energy, manufacturing, defence and the metallurgical sectors.”

So, it continues, without the least interruption, that Russia and Nigeria share experiences, exchange views on national and international platforms, maintain political dialogues, and discuss economic cooperation and humanitarian issues. Russia and Nigeria share similar positions at the United Nations. Russia and Nigeria have continued to keep a cordial and mutually beneficial relationship in the past years since 1991 after Soviet’s collapse.

The term – bilateral relations – is seen as a two-way street, Nigeria’s presence in the Russian Federation is only the diplomatic representative office. Public outreach diplomacy is generally ineffective, both ways between Russia and Africa. Compared, for example, to the American Growth and Opportunity Act (AGOA) and some trade preferences granted by Europe, Russians hardly encourage African presence in the Russian Federation. On the other hand, Russia hardly in speeches refers to the African Continental Single Market (AfCFTA). With an estimated 1.4 billion people, the market is potentially the largest, Africa – is the continent of the future.

As a matter of fact, to be part of this geopolitical arena, Russia has to take practical steps to move beyond AK-47 in raising its economic influence in Africa. It has to crack the local socio-cultural barriers and, in particular, the deep-seated bureaucracy too. In a continent beleaguered by the ravages of ethnic and political conflicts, Russian officials have to thoroughly study the local conditions before imposing strategic economic initiatives and engaging local African partners and stakeholders.

In summary, the Russian strategic policy interest generally in Africa and specifically in Nigeria, given the strong limitation of its current capability and its re-emergence in Africa, is an earnest attempt to regain part of Soviet-era influence. But these current relations, within the context of geopolitical changes, must necessarily be conducted with consistency and in a concrete manner, but not with mere rhetorics. It is about time to act and most importantly, aim at noticeable results. According to various narratives inside the continent, Russia appears only as an advocate of the emerging multipolar order and as a reliable virtual investor in Africa.

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Today’s Generation of Entrepreneurs Value Flexibility, Autonomy—McNeal-Weary

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Tonya McNeal-Weary Today's Generation of Entrepreneurs

By Kestér Kenn Klomegâh

The Young African Leaders Initiative (YALI) is the United States’ signature step to invest in the next generation of African leaders. Since its establishment in 2010 by Obama administration, YALI has offered diverse opportunities, including academic training in leadership, governance skills, organizational development and entrepreneurship, and has connected with thousands of young leaders across Africa. This United States’ policy collaboration benefits both America and Africa by creating stronger partnerships, enhancing mutual prosperity, and ensuring a more stable environment.

In our conversation, Tonya McNeal-Weary, Managing Director at IBS Global Consulting, Inc., Global Headquarters in Detroit, Michigan, has endeavored to discuss, thoroughly, today’s generation of entrepreneurs and also building partnerships as a foundation for driving positive change and innovation in the global marketplace. Here are the excerpts of her conversation:

How would you describe today’s generation of entrepreneurs?

I would describe today’s generation of entrepreneurs as having a digital-first mindset and a fundamental belief that business success and social impact can coexist. Unlike the entrepreneurs before them, they’ve grown up with the internet as a given, enabling them to build global businesses from their laptops and think beyond geographic constraints from day one. They value flexibility and autonomy, often rejecting traditional corporate ladders in favor of building something meaningful on their own terms, even if it means embracing uncertainty and financial risk that previous generations might have avoided.

And those representing the Young African Leaders Initiative, who attended your webinar presentation late January 2026?

The entrepreneurs representing the Young African Leaders Initiative are redefining entrepreneurship on the continent by leveraging their unique perspectives, cultural heritage, and experiences. Their ability to innovate within local contexts while connecting to global opportunities exemplifies how the new wave of entrepreneurs is not confined by geography or conventional expectations.

What were the main issues that formed your ‘lecture’ with them, Young African Leaders Initiative?

The main issues that formed my lecture for the Young African Leaders Initiative were driven by understanding the importance of building successful partnerships when expanding into the United States or any foreign market. During my lecture, I emphasized that forming strategic alliances can help entrepreneurs navigate unfamiliar business environments, access new resources, and foster long-term growth. By understanding how to establish strong and effective partnerships, emerging leaders can position their businesses for sustainable success in global markets. I also discussed the critical factors that contribute to successful partnerships, such as establishing clear communication channels, aligning on shared goals, and cultivating trust between all parties involved. Entrepreneurs must be proactive in seeking out partners who complement their strengths and fill gaps in expertise or resources. It is equally important to conduct thorough due diligence to ensure that potential collaborators share similar values and ethical standards. Ultimately, the seminar aimed to empower YALI entrepreneurs with practical insights and actionable strategies for forging meaningful connections across borders. Building successful partnerships is not only a pathway to business growth but also a foundation for driving positive change and innovation in the global marketplace.

What makes a ‘leader’ today, particularly, in the context of the emerging global business architecture?

In my opinion, a leader in today’s emerging global business architecture must navigate complexity and ambiguity with a fundamentally different skill set than what was previously required. Where traditional leadership emphasized command-and-control and singular vision, contemporary leaders succeed through adaptive thinking and collaborative influence across decentralized networks. Furthermore, emotional intelligence has evolved from a soft skill to a strategic imperative. Today, the effective modern leader must possess deep cross-cultural intelligence, understanding that global business is no longer about exporting one model worldwide but about genuinely integrating diverse perspectives and adapting to local contexts while maintaining coherent values.

Does multinational culture play in its (leadership) formation?

I believe multinational culture plays a profound and arguably essential role in forming the kind of leadership required in today’s global business environment. Leaders who have lived, worked, or deeply engaged across multiple cultural contexts develop a cognitive flexibility that’s difficult to replicate through reading or training alone. More importantly, multinational exposure tends to dismantle the unconscious certainty that one’s own way of doing things is inherently “normal” or “best.” Leaders shaped in multicultural environments often develop a productive discomfort with absolutes; they become more adept at asking questions, seeking input, and recognizing blind spots. This humility and curiosity become strategic assets when building global teams, entering new markets, or navigating geopolitical complexity. However, it’s worth noting that multinational experience alone doesn’t automatically create great leaders. What matters is the depth and quality of cross-cultural engagement, not just the passport stamps. The formation of global leadership is less about where someone has been and more about whether they’ve developed the capacity to see beyond their own cultural lens and genuinely value differences as a source of insight rather than merely tolerating them as an obstacle to overcome.

In the context of heightening geopolitical situation, and with Africa, what would you say, in terms of, people-to-people interaction?

People-to-people interaction is critically important in the African business context, particularly as geopolitical competition intensifies on the continent. In this crowded and often transactional landscape, the depth and authenticity of human relationships can determine whether a business venture succeeds or fails. I spoke on this during my presentation. When business leaders take the time for face-to-face meetings, invest in understanding local priorities rather than imposing external agendas, and build relationships beyond the immediate transaction, they signal a different kind of partnership. The heightened geopolitical situation actually makes this human dimension more vital, not less. As competition increases and narratives clash about whose model of development is best, the businesses and nations that succeed in Africa will likely be those that invest in relationships characterized by reciprocity, respect, and long-term commitment rather than those pursuing quick wins.

How important is it for creating public perception and approach to today’s business?

Interaction between individuals is crucial for shaping public perception, as it influences views in ways that formal communications cannot. We live in a society where word-of-mouth, community networks, and social trust areincredibly important. As a result, a business leader’s behavior in personal interactions, their respect for local customs, their willingness to listen, and their follow-through on commitments have a far-reaching impact that extends well beyond the immediate meeting. The geopolitical dimension amplifies this importance because African nations now have choices. They’re no longer dependent on any single partner and can compare approaches to business.

From the above discussions, how would you describe global business in relation to Africa? Is it directed at creating diverse import dependency?

While it would be too simplistic to say global business is uniformly directed at creating import dependency, the structural patterns that have emerged often produce exactly that outcome, whether by design or as a consequence of how global capital seeks returns. Global financial institutions and trade agreements have historically encouraged African nations to focus on their “comparative advantages” in primary commodities rather than industrial development. The critical question is whether global business can engage with Africa in ways that build productive capacity, transfer technology, develop local talent, and enable countries to manufacture for themselves and for export—or whether the economic incentives and power irregularities make this structurally unlikely without deliberate policy intervention.

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Russia Expands Military-Technical Cooperation With African Partners

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Military-Technical Cooperation

By Kestér Kenn Klomegâh

Despite geopolitical complexities, tensions and pressure, Russia’s military arms and weaponry sales earned approximately $15 billion at the closure of 2025, according to Kremlin report. At the regular session, chaired by Russian President Vladimir Putin on Jan. 30, the Commission on Military and Technical Cooperation with Foreign Countries analyzed the results of its work for 2025, and defined plans for the future.

It was noted that the system of military-technical cooperation continued to operate in difficult conditions, and with increased pressure from the Western countries to block business relations with Russia. The meeting, however, admitted that export contracts have generally performed sustainably. Russian military products were exported to more than 30 countries last year, and the amount of foreign exchange exceeded $15 billion.

Such results provide an additional opportunity to direct funds to the modernization of OPC enterprises, to the expansion of their production capacities, and to advanced research. It is also important that at these enterprises a significant volume of products is civilian products.

The Russian system of military-technical cooperation has not only demonstrated effectiveness and high resilience, but has created fundamental structures, which allow to significantly expand the “geography” of supplies of products of military purpose and, thus strengthen the position of Russia’s leader and employer advanced weapons systems – proven, tested in real combat conditions.

Thanks to the employees of the Federal Service for Military Technical Cooperation and Rosoboronexport, the staff of OPC enterprises for their good faith. Within the framework of the new federal project “Development of military-technical cooperation of Russia with foreign countries” for the period 2026-2028, additional measures of support are introduced. Further effective use of existing financial and other support mechanisms and instruments is extremely important because the volumes of military exports in accordance with the 2026 plan.

Special attention would be paid to the expansion of military-technological cooperation and partnerships, with 14 states already implementing or in development more than 340 such projects.

Future plans will allow to improve the characteristics of existing weapons and equipment and to develop new promising models, including those in demand on global markets, among other issues – the development of strategic areas of military-technical cooperation, and above all, with partners on the CIS and the CSTO. This is one of the priority tasks to strengthen both bilateral and multilateral relations, ensuring stability and security in Eurasia.

From January 2026, Russia chairs the CSTO, and this requires working systematically with partners, including comprehensive approaches to expanding military-technical relations. New prospects open up for deepening military-technical cooperation and with countries in other regions, including with states on the African continent. Russia has been historically strong and trusting relationships with African countries. In different years even the USSR, and then Russia supplied African countries with a significant amount of weapons and military equipment, trained specialists on their production, operation, repair, as well as military personnel.

Today, despite pressure from the West, African partners express readiness to expand relations with Russia in the military and military-technical fields. It is not only about increasing supplies of Russian military exports, but also about the purchase of other weapons, other materials and products. Russia has undertaken comprehensive maintenance of previously delivered equipment, organization of licensed production of Russian military products and some other important issues. In general, African countries are sufficient for consideration today.

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Trump Picks Kevin Warsh to Succeed Jerome Powell as Federal Reserve Chair

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Kevin Warsh

By Adedapo Adesanya

President Donald Trump has named Mr Kevin Warsh as the successor to Mr Jerome Powell as the Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank.

The decision culminates a process that officially began last summer but started much earlier than that, with President Trump launching a criticism against the Powell-led US central bank almost since he took the job in 2018.

“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Mr Trump said in a Truth Social post announcing the selection.

US analysts noted that the 55-year old appear not to ripple market because of his previous experience at the apex bank as Governor, with others saying he wouldn’t always do the bidding of the American president.

If approved by the US Senate, Mr Warsh will take over the position in May, when Mr Powell’s term expires.

Despite having argued for reductions recently, “Warsh has a long hawkish history that markets have not forgotten,” one analyst told Bloomberg.

President Trump has castigated Mr Powell for not lowering interest rates more quickly. His administration also launched a criminal investigation of Powell and the Federal Reserve earlier this month, which led Mr Powell to issue an extraordinary rebuke of President Trump’s efforts to politicize the independent central bank.

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