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Ambassador of the Federal Republic of Nigeria to Russia Abdullahi Iibaikwal ShehuMOSCOW, Mar 31Nigeria intends to increase cooperation with the Russian Federation in the development of natural resources both in the private sector and at the state level, said RIA Novosti, Nigerian Ambassador to Moscow Abdullahi Shehu. «Minerals are one of the areas in which cooperation between the Russian Federation and Nigeria can be increased both in the private sector, and within the framework of interstate cooperation,» he said.The President of Nigeria will take part in the Russia-Africa SummitThe ambassador stressed that the potential in the field of mineral resources in Nigeria is wide, in addition to oil and gas, the country has reserves of coal, bauxite and columbite, as well as iron ore. «Any mineral can be found. If you look at the geological map Nigeria, you will see that the country has huge reserves.For this reason, the Nigerian government, with the support of the USSR, was able to establish the Ajaokuta steel plant.To be able to extract materials for steel production and process them on site.We have large reserves of iron ore, in the center of Nigeria, just not far from the plant,» the ambassador said. According to him, many Russian businessmen consider it an unjustified risk to develop production in Nigeria due to a potential security threat, but these estimates are erroneous.Nigerian Ambassador appreciated Russia's decision to sell gas for rubles»200 million people live in Nigeria is a huge market, and across the board, every sector is showing growth. There is potential for investors. But they usually say they're worried about security risks. Don't listen to propaganda. How many Russian companies have faced real threats in Nigeria? Yes, there was no such thing,” the ambassador said. “I usually tell Russian businessmen that it is important for them to start doing business in Africa in order to see what reserves we have and determine for themselves the scope of further work. Only on earth can one see specifically what resources are and what can be done with them. When they come to Africa, they will see that there is great potential and opportunities here that justify the risk,» he stressed.