PRESIDENT OF NIGERIA MEETS TODAY WITH RUSSIAN BUSINESSMEN








MOSCOW, 7 March.  / RIA "Nowosti" rIA-"Nowosti"-Korrespondent Juri
Nikolajew /. the president of Nigeria Olusegun Obasanjo will meet
today in the context of the official attendance with Russian
businessmen.

How one indicated the RIA " Nowosti " in the State Department Russia
is expected, that in the meeting with Russian lines of business also a
large group of Nigerian businessmen will take part, which had come
together with the president of Nigeria into the Russian capital.

Moscow does not satisfy the slow-acting development of the
commercialeconomic relations between the two countries.  Therefore it
is not from approximate that Russia and Nigeria gave the main
attention of economic problems and de Suche for effective ways to the
preparation of the commercialeconomic relations during the
negotiations taken place the previous evening.

On Tuesday the presidents of Russia and Nigeria for the development of
the commercialeconomic relations discussion themselves and explained
that the Russian-Nigerian foreign trade conversion must be brought in
the next five years on a level of at least 500 million dollar in the
year.  It is reminded of the fact that the external concerning
conversion amounted in previous year to approximately 50 million
dollar.

As the RIA admits " Nowosti " from informed sources became, the
participation of the " Tjashpromexport " becomes earliest at the
completion of the building and the line-up of the hut collective
combine in Adjaokuta (1.3 millions t steel in the year) one of the
priority directions of the co-operation becomes, with whose building
still in the Soviet times had been begun.  That is a purely commercial
project, and the Russian government does not take over obligations.
For the completion of the building about 465 will be million dollar
necessary.  The " Tjashpromexport " is ready to fulfill the work under
the prerequisite of the financing of the project by the Nigerian page.


From informed sources the RIA became " Nowosti " also admits that the
Russian societies gas PROM and Lukoil had pointed certain interest in
community projects to the production and processing of energy
resources.  It must be stressed that Nigeria belongs with the
production of oil and natural gas to the ten first countries in the
world.