After actively participating in the three-day Russia – Africa Summit held in Sochi, Russia, with about 40 Heads of State and Governments in attendance, President Muhammadu Buhari has returned to Abuja on Friday 25th October, 2019.
It was reported by the News Agency of Nigeria (NAN) that the Presidential aircraft conveying the president and some members of his entourage landed at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, at about 5. 25 p.m.
While in Sochi, President Buhari, on October 23, met with Russian President, Vladimir Putin, where the duo agreed to put Nigeria-Russia relations on a fast track, and pursue the completion of all abandoned projects initiated by both countries.
The two leaders, who made the pledge at a bilateral meeting held on the sidelines of the Summit, also agreed to start new infrastructural projects and expand trade and investment, security and military cooperation.
According to a statement made by both leaders, Nigeria and Russia will work together to improve efficiency of Nigeria’s oil sector, “which is the backbone of the economy.”
“The cooperation will see to the rehabilitation of epileptic oil refineries through establishment of framework for a joint venture between Nigeria National Petroleum Corporation (NNPC), and Russia-based leading oil company, Lukoil,’’ Garba Shehu, the President’s spokesperson, said in an earlier statement on Wednesday.
The Group Managing Director of the @NNPCgroup, Mallam @MKKyari and the President of PJSC LUKOIL, Vagit Alekperov, signed a Memorandum of Understanding between the two companies at the Russia-Africa Economic Forum held in Sochi, Russia.