Ajaokuta mill, refineries discussed as Buhari, Putin meet

President Muhammadu Buhari and his Russian counterpart, Vladimir Putin, on Wednesday in Sochi, Russia, agreed to put Nigeria-Russia relations on a fast track, and pursue the completion of all abandoned projects initiated by both countries.

The President’s Senior Special Assistant on Media and Publicity, Garba Shehu, who disclosed this in a statement in Abuja, said the two leaders made the pledge at a bilateral meeting held on sidelines of ongoing Russia-Africa Summit, in Sochi, Russia.

They also agreed to start new infrastructure projects and expand trade and investment, security and military cooperation.

Buhari and Putin also agreed that Nigeria and Russia would work together to improve the efficiency of Nigeria’s oil sector, “which is the backbone of the economy.”

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“The cooperation, in a way, will see to the rehabilitation of epileptic oil refineries through the establishment of a framework for a joint venture between Nigerian National Petroleum Corporation (NNPC) and Russia-based leading oil company, Lukoil.’’

Both NNPC and Lukoil, according to the presidential spokesman, will work towards the prospect of oil in deep offshore.

“Nigeria and Russia also agreed to revive and solidify the venture between the NNPC and Russia’s gas giant, Gazprom for the development of Nigeria’s enormous gas potential and infrastructure.

“The issue of uncompleted and abandoned Ajaokuta Steel Rolling Mill was presented by President Buhari.

“His request for the return of Russia, on a government-to-government relationship for completion and commissioning of the plant was accepted by President Putin,’’ he added.

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