Nigeria invites Russian farmers to invest

A farmland

The Nigerian government on Thursday extended invitation to Russians to take advantage of the country’s arable land to produce and export agricultural products.

Vice President Yemi Osinbajo gave the invitation when a Russian delegation led by the Russian Minister of Agriculture, Alexander Tkachev, called on him on Thursday.

“The oil prices have gone down tremendously and yet large amount of foreign exchange is used to purchase food abroad and we have large arable land for agric. It won’t make sense, if you don’t use the land,” Mr. Osinbajo said.

“We are inviting Russian farmers to invest in Nigeria, produce and import from here. We are just six hours away from Europe by air. Vegetables, flour can be exported to Europe from here. Even our local market here is a lot.”

Mr. Osinbajo said the availability of arable land in Nigeria made the case for improved local agricultural production in Nigeria an imperative, rather than continued importation with its significant pressure on dwindling foreign earnings of the country.

Both the vice president and the delegation that included Russian deputy minister of agriculture, Evgeny Gromyko, and officials of Russian firm (Rusal) agreed that the two countries should deepen the existing diplomatic relationship, especially economically.

The vice president assured his visitors, which included the Russian ambassador in Nigeria, Nikolay Udovichenko, there was a lot of money to be made if Russian technology in agriculture was deployed locally.

Earlier, the Russian agriculture minister, who is the Co-Chair of the Nigeria-Russia Joint Commission, expressed his country’s willingness to enhance the existing trade relations with Nigeria.

He noted that the Nigeria-Russia trade volume as at the end of 2015 exceeded $300 million, adding that there were potentials for improvement in the years ahead.

The Russian minister said there were better opportunities for economic cooperation between both countries.

Support PREMIUM TIMES' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.