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Nigeria Should Involve Russia in Hydrocarbon Deposits Exploration

VLADIVOSTOK (Sputnik) - Nigeria should partner with Russia for hydrocarbon exploration as Russian companies have the necessary technology and experience in that area, Weyinmi Eribo, the director general of the Women Chamber of Commerce Industry, Mines, and Agriculture, told Sputnik.
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Russian companies have recently expressed readiness to offer their services for prospecting and exploring hydrocarbon deposits and offshore seismic surveying in Nigeria. At the same time, Nigeria has expressed interest in the creation of mobile LNG filling stations.

"I think that it will only make sense to involve Russia. I mean, Russia is a world power when it comes to oil production. And in Africa, Nigeria is, so it just makes sense for world powers to come together ... You have the technology, you have the experience, you have the know-how, you have the impact, you have the money to be able to move that conversation forward. So I mean, off the top of my head, I would expect that Russian companies are part of that conversation," Eribo said in an interview on the sidelines of the Eastern Economic Forum in Vladivostok.

The official stressed Nigeria stands to reap considerable benefits from the partnership with Russia, not least in terms of strengthening the African country’s female entrepreneurs.

"I believe that there’s so much that we can harness from the Russian ecosystem, from the Russian economy, that we can take back to Nigeria, especially for the women entrepreneurs ... We can have women-owned Russian companies coming to Nigeria for a meet to understand. We can have Nigerian women coming into Russia to understand the businesses that are here. How do we want to facilitate that? So, I’m sure that we’re able to just build a stronger value chain across Nigeria and in Russia," Eribo concluded.

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The Eastern Economic Forum began on Tuesday and will run through Friday. It is being hosted by the Far Eastern Federal University in Russia’s Pacific coast city of Vladivostok. Sputnik is the general information partner of the EEF 2024.