Nigerian diplomatic representatives, African researchers, non-governmental organizations, business people from Russia and Nigerian diaspora, local and foreign media representatives participated a one-day round-table discussions under the theme “Perspectives of the Russian-Nigerian relations in the light of the results of the Nigerian presidential election” that was held at the Institute for African Studies in Moscow.
The event was organized jointly by the Institute for African Studies of the Russian Academy of Sciences and the Nigerian Diaspora Organization (NIDO Russia). NIDO-Russia was established as a forum for Nigerian professionals residing in Russia to participate in the development of Nigeria. It serves as a platform for Nigerians to network on the diaspora. NIDO-Russia is committed to tapping into the knowledge and skills of Nigerians and Russians needed for national development in both countries.
The speakers included Profesor Dmitri Bondarenko, Deputy Director at the Institute of African Studies (IAS), Professor Tatiana Denisova, Head of the Tropical Section of the IAS, Mr Evgeny Korendyasov, Head of the Russia-African Relations Section at the IAS, Valeriy Vozdvizhenskiy, Executive Director of the Russia-Nigeria Business Council, Dr Maurice Okoli, Nigerian Researcher at the IAS and Chairman of the People’s Democratic Party (PDP) in the Russian Federation, Mr Rex Essenowo, Chairman of NIDO Russia, Dr Bashir Obasekola, Board Member of NIDO Europe, and representatives from the Embassy of the Federal Republic of Nigeria.
Mr. Rex Essenowo, Chairman of NIDO Russia, says that a stable democracy in the country means that there is a guarantee of stability and better atmosphere to strengthen investors confidence. It is a fundamental indicator while creating more conducive environment for sustainable development. This is an important factor which contributes to the security of foreign investments in the country. So, this is the best opportunity for potential Russian investors to utilize.
Essenowo says Nigeria has a lot of opportunities and it is one of the most prefered investment destinations in the world. Nigeria and Russia has a combine population of over 350 million people, there is the need to expand the scope of trade and economic integration by creating conducive environments for Russian and Nigerian small and medium scale entrepreneurs that are interested in doing business in both countries. The most lucrative investment sectors of the economy include housing, agriculture, healthcare, transport, mining, power generation, aviation and, tourism and hospitality services.
Generally, the participants had the opportunity to get acquainted with the current socio-economic environment, post-election developments, as well as business/investment opportunities for Russian investors in Nigeria. They attempted to evaluate the current state of the Russia-Nigerian relations, first of all in the economic sphere, and to foresee their prospects in view of the changes that the results of the recent presidential elections in Nigeria can bring.
The general view was that the current state of the economic relations between the two countries is weaker than it should be and supposed that the relations strengthening could be achieved by means of more active involving of the two states governmental bodies in their development, on the one hand, and making more emphasis than before on the development of cooperation at the level of small and midddle-size business, on the other.
It was also stressed that progress in the sphere of economic relations hardly can be possible without establishing trust between people of the two countries, for example, launching of projects that aimed at presenting and promoting Russian business and culture to Nigerians, and Nigerian business and culture to Russian citizens are necessary steps to raise the profile in both countries.
At the end of the heated debates and detailed discussions, the speakers and participants have agreed that the economic relations between Russia and Federal Republic of Nigeria will experience a significant positive development in the coming years, especially even before the presidential election many Russian companies, industrialists as well as private investors have shown keen interest in the economy of Nigeria.
The Nigerian election was the most competitive presidential race ever held in its political history and the country represents one of the largest democracies in the world. Now, with the power transfer from the People’s Democratic Party (PDP) to All Progressives Congress (APC), it will be a major shift for the country — the first political power transfer between civilians of different parties in a country that has spent much of its post-colonial history shaken by military coups.
With results from all of the Nigeria’s 36 federal states counted, the former military ruler, Muhammadu Buhari, delivered a crushing defeat to President Goodluck Jonathan, getting nearly 55 percent of the vote to Mr. Jonathan’s 45 percent. Jonathan represented the People’s Democratic Party (PDP) while Buhari stood on the platform of All Progressives Congress (APC).
With this new political and post-election background, the participants at the round-table discussion praised the country for its democratic development, noting significantly that “the current situation will consolidate the climate for both local and foreign investment in the country.”
Additionally, this could open another chapter to a great deal of opportunities and business prospects, and for developing a broader multifaceted relationship in political, economic, education and socio-cultural spheres between Russia and Nigeria. They, however, noted with much doubts that there would be definitely emerging challenges and problems to overcome in the process.
NIDO Russia thanked the Institute of African Studies for welcoming the idea of hosting the round-table where various presentations were given by senior researchers and useful contributions by some of the invited guests, and noted that it was an important step to further improve and deepen understanding of the political transition from the People’s Democratic Party (PDP) to All Progressives Congress (APC) and the implications for future Russia-Nigerian cooperation.
Russia has considered Nigeria to be a strategic partner in Africa because of its numerous opportunities in human and natural resources. Russia has long decided to build a stronger bilateral trade with Nigeria as the biggest investment destination in sub-Sahara Africa. Despite its more than 50-year business relationship dating from the Soviet era, trade volume has now remained low with a current figure of $300m between Russian Federation and Federal Republic of Nigeria.
The Transitioning Democracy of Sudan
Sudan has been the focus of conflict for much of its six decades as an independent nation. Despite being an anomaly in a region crippled with totalitarian populism and escalating violence, the country hasn’t witnessed much economic or political stability in years. While the civic-military coalition, leading a democratic transition towards elections, has managed to subside the fragments of civil war, growing hostility in the peripheries has begun threatening the modest reforms made in the past two years. The recent coup attempt is a befitting example of the plans that are budding within the echelons of the Sudanese military to drag the country back into the closet. And while the attempt got thwarted, it is not a success to boast. But it is a warning that the transition would not be as smooth a ride as one might have hoped.
The problems today are only a reflection of Sudan’s issues in the past: especially which led to the revolution. The civil unrest began in Sudan back in December 2018. Sudan’s long-serving ruler, Omer al-Bashir, had turned Sudan into an international outcast during his 30-year rule of tyranny and economic isolation. Naturally, Sudan perished as an economic pariah: especially after the independence of South Sudan. With the loss of oil revenues and almost 95% of its exports, Sudan inched on the brink of collapse. In response, Bashir’s regime resorted to impose draconian austerity measures instead of reforming the economy and inviting investment. The cuts in domestic subsidies over fuel and food items led to steep price hikes: eventually sparking protests across the east and spreading like wildfire to the capital, Khartoum.
In April 2019, after months of persistent protests, the army ousted Bashir’s government; established a council of generals, also known as the ‘Transitional Military Council.’ The power-sharing agreement between the civilian and military forces established an interim government for a period of 39 months. Subsequently, the pro-democracy movement nominated Mr. Abdalla Hamdok as the Prime Minister: responsible for orchestrating the general elections at the end of the transitional period. The agreement coalesced the civilian and military powers to expunge rebellious factions from society and establish a stable economy for the successive government. However, the aspirations overlooked ground realities.
Sudan currently stands in the third year of the transitional arrangement that hailed as a victory. However, the regime is now most vulnerable when the defiance is stronger than ever. Despite achieving respite through peace agreements with the rebels in Sudan, the proliferation of arms and artillery never abated. In reality, the armed attacks have spiraled over the past two years after a brief hiatus achieved by the peace accords. The conflict stems from the share of resources between different societal fractions around Darfur, Kordofan, and the Blue Nile. According to UN estimates, the surging violence has displaced more than 410,000 people across Sub-Saharan Africa in 2021. The expulsion is six times the rate of displacement recorded last year. According to the retreating UN peacekeeping mission, the authorities have all but failed to calm the rampant banditry and violence: partially manifested by the coup attempt that managed to breach the government’s order.
The regional instability is only half the story. Since the displacement of Bashir’s regime, Sudan has rarely witnessed stability, let alone surplus dividends to celebrate. Despite thawing relations with Israel and joining the IMF program, Sudan has felt little relief in return. The sharp price hikes and gripping unemployment which triggered the coup back in 2019 never receded: galloped instead. Currently, inflation runs rampant above 400%, while the Sudanese Pound has massively devalued under conditions dictated by the IMF. And despite bagging some success in negotiating International debt relief, the Hamdok regime has struggled to invite foreign investment and create jobs: majorly due to endemic conflicts that still run skin-deep in the fabric of the Sudanese society.
While the coup attempt failed, it is still not a sigh of relief for the fragile government. The deep-rooted analysis of the coup attempt reveals a stark reality: the military factions – at least some – are no longer sated in being equal-footed with a civilian regime. Moreover, the perpetrators tried to leverage the widening disquiet within the country by blocking roads and attempting to sabotage state-run media: hoping to gain public support. The population is indeed frustrated by the economic desperation; the failure of the coup attempt means that people have still not given up hope in a democratic government and a free-and-fair election. Nonetheless, it is not the first tranche of the army to rebel, and it certainly won’t be the last. The only way to salvage democracy is to stabilize Sudan’s economy and resolve inter-communal violence before leading the county towards elections. Otherwise, it is apparent that Bashir’s political apparatus is so deeply entrenched in Sudan’s ruling network that even if the transitional government survives multiple coups, an elected government would ultimately wither.
Money seized from Equatorial Guinea VP Goes into Vaccine
As a classic precedence, the Justice Department of the United States has decided that $26.6m (£20m) seized from Equatorial Guinea’s Vice-President Teodorin Nguema Obiang Mangue be used on purchasing COVID-19 vaccines and other essential medical programmes in Equitorial Guinea, located on the west coast of central Africa.
“Wherever possible, kleptocrats will not be allowed to retain the benefits of corruption,” an official said in a statement, and reported by British Broadcasting Corporation.
Obiang was forced to sell a mansion in Malibu, California, a Ferrari and various Michael Jackson memorabilia as part of a settlement he reached with the US authorities in 2014 after being accused of corruption and money-laundering. He denied the charges.
The agreement stated that $10.3m of the money from the sale would be forfeited to the US and the rest would be distributed to a charity or other organisation for the benefit of the people of Equatorial Guinea, the Justice Department said.
The UN is to receive $19.25m to purchase and administer COVID-19 vaccines to at least 600,000 people in Equatorial Guinea, while a US-based charity is to get $6.35m for other medical programmes in Equatorial Guinea.
Teodorin Nguema has been working in position as Vice-President since 2012, before that he held numerous government positions, including Minister of Agriculture and Forestry. Known for his unquestionable lavish lifestyle, he has been the subject of a number of international criminal charges and sanctions for alleged embezzlement and corruption. He has a fleet of branded cars and a number of houses, and two houses alone in South Africa,
Teodorin Nguema has often drawn criticisms in the international media for lavish spending, while majority of the estimated 1.5 million population wallows in abject poverty. Subsistence farming predominates, with shabby infrastructure in the country. Equatorial Guinea consists of two parts, an insular and a mainland region. Equatorial Guinea is the third-largest oil producer in sub-Saharan Africa.
African Union’s Inaction on Ethiopia Deplorable – Open Letter
A group of African intellectuals says in an open letter that it is appalled and dismayed by the steadily deteriorating situation in Ethiopia. The letter, signed by 58 people, says the African Union’s lack of effective engagement in the crisis is deplorable. The letter calls on regional bloc IGAD and the AU to “proactively take up their mandates with respect to providing mediation for the protagonists to this conflict”.
The letter also asks for “all possible political support” for the AU’s Special Envoy for the Horn of Africa, Olusegun Obasanjo, whose appointment was announced on August 26, 2021. A United Nations Security Council meeting on the same day welcomed the former Nigerian president’s appointment.
Earlier in August 2021, UN chief Antonio Guterres appealed for a ceasefire, unrestricted aid access and an Ethiopian-led political dialogue. He told the council these steps were essential to preserve Ethiopia’s unity and the stability of the region and to ease the humanitarian crisis. He said that he had been in close contact with Ethiopian Prime Minister Abiy Ahmed and had received a letter from the leader of the Tigray region in response to his appeal. “The UN is ready to work together with the African Union and other key partners to support such a dialogue,” he said.
August 26, 2021 was only the second time during the conflict that the council held a public meeting to discuss the situation. Britain, Estonia, France, Ireland, Norway and the United States requested the session.
Fighting between the national government and the Tigray People’s Liberation Front broke out in November 2020, leaving millions facing emergency or crisis levels of food insecurity, according to the United Nations. Both sides have been accused of atrocities.
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