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Nigeria,Russia partnership addresses challenges facing Nigeria-Buhari

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President Muhammadu Buhari has said that Nigeria, Russia re-energised partnership must address challenges such as counter-terrorism, poverty eradication, human and drug trafficking, illicit financial flows, climate change and migration to mention some of the many contemporary challenges facing Nigeria. The President stated this at first plenary of the Russia-Africa Summit, where more than 40 leaders are currently participating in Sochi, Russia on Thursday According to him “I want to emphasize that this mutually beneficial relationship must go beyond trade and business. Our re-energised partnership must also address challenges such as counter-terrorism, poverty eradication, human and drug trafficking, illicit financial flows, climate change and migration to mention some of the many contemporary challenges facing our peoples. “Our continent is rich in human and natural but is lagging behind in capital and technology. “This is why we see increased conflict, migration and instability that is also impacting many nations outside Africa”, he said. He added that Africa have continued to view Regional Integration as a key development priority. “Our integration is one that seeks to address our infrastructure deficit, conflicts and terrorism, climate change, human trafficking and of vitality, trade. “Our integration process also takes into account our diversity as a continent and our unique challenges at the national and sub-national levels. “This is why progress has been slow but steady.With a population of over 1.2 billion people, for us in Africa, getting our socio-economic integration right presents enormous opportunities as we stand to promote robust, equitable and inclusive growth that will minimize conflict and enhance economic development.Today, these aspirations are captured in the Agenda 2063 of the African Union”, he said. Furthermore, he said the country has confident that with strong partners like Russia, the goal of having a peaceful and prosperous continent is achievable, Nigeria is the largest economy and most populous country in Africa. “Today, our population is almost over 200 million people. It is expected to grow to approximately 400 million by 2050. This will make Nigeria the third most populous nation in the world behind China and India. “Our economy is heavily dependent on its foreign exchange on oil. With the result that our high Gross Domestic Product (GDP) is not as a result of domestic sector productivity”, he said. He was delighted to participate in this first and historic Russia-Africa Summit. “I thank our chief host, His Excellency Vladimir Putin, President of the Russia Federation for this important initiative and for the warm and generous hospitality accorded to also commend His Excellency, President Abdel Fattah El-Sisi of the Arab Republic of Egypt, for his visionary and collaborative leadership of the African Union. “Let me clearly state that the time has come with this historic summit today, for Africa and the Russian Federation to develop new mutually beneficial relations. “On our part, I want to assure our Russian friends that Africa is resolute and ready.We look forward to embracing the new dawn of Africa-Russia partnership in general, and the revitalized Nigeria-Russia relations in particular”, he concluded.


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