It is refreshing to learn that no money was wasted on branding consultants for the new $2.5 billion joint venture announced between the Russian gas giant Gazprom and the state of Nigeria - Nigaz.
Russian and Nigerian Presidents Dmitry Medvedev and Umaru Yar'Adua agreed last week to build production sites, pipelines and gas fired power stations in the cenrral African country. The name is an amalgamation of Nigeria and Gazprom, pronounced "nye-gaz", but could be read phonetically as a term for people of black African origin, causing consternation in the United States.
One Nigerian in Lagos said: 'White people are making too much of this. As long as the Russians pay us, they can call it what they like.'