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The Russian Ambassador to Nigeria, Nikolay Udovichenko has announced that trade volume between Russia and Nigeria has hit $250 million. He made this known at the Nigeria-Russia Business Forum, titled Nigeria-Russia Cooperation: New opportunities. He said, “In terms of statistics, it is not so big because it is a quarter of billion dollars, but with our effort, we can lift the performance significantly and I am sure we will be effective in this way.” “Efforts are on top gear to increase the volume of trade through economic cooperation that will become the backbone and dominant bridge. Russia is interested in developing cooperation in the fields of investment, energy, trade and agriculture, among others.”

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This article was first published on 30th October 2013

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