A racism debate is brewing online over Nigeria’s $2.5 billion oil and gas joint with Russia, named NIGAZ.
The joint venture, which is between the Nigerian National Petroleum Corporation and Russia’s state-owned Gazprom, was signed last week by Nigeria’s President Umaru Yar’Adua and Russian President Dmirty Medvedev, who was on a one-day state visit to Abuja. The word is an amalgam of Nigeria and Gazprom and will build refineries, pipelines and gas power stations in Nigeria.
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