PRESIDENT NIGERIAN WILL MEET EC WEDNESDAY OF THE RUSSIAN
BUSINESSMEN








MOSCOW, March 7.  (Ria " Novosti ".  The president nigerian, Olusegun
Obasanjo, will meet this Wednesday of the Russian heads of company
within the framework of his official visit has Moscow.

RIA " Novosti " learned aupres from the Russian ministry of the
Businesses etrangeres that the many businessmen nigerians which
accompany president Olusegun Obasanjo will be also presents has this
meeting.

Moscow is not satisfied with the slowness of the development of the
trade and economic between the two countries.  This is why during
negotiations which took place Tuesday the parts are especially
penchees on the problematic economic one and the search for means in
order to establish commercial and economic links.

Tuesday, the heads of Russian State and nigerian were pronounce in
favour of the extension of the exchanges and had declares that in the
five years has to come the amount Russo-nigerian commercial will have
to be gate does not have less than 500 million dollars per annum.  Let
us recall that the year derniere this figure had ete some 50 million
dollars.

RIA " Novosti " learned aupres from informees sources that it is
probable that the participation of the company " Tiajpromexport " has
completion and with the launching of a combine metallurgic A Adjaokuta
(1,3 million tons of steel per annum), which had ete put in building
site has the sovietic time, will constitute one of the large axes of
the co-operation.  It is it a purely commercial project and the
government does not pledge in the matter any.  Approximately 465
million dollars are necessary to carry out this building site has its
term.  " Tiajpromexport " east lays out has to complete work within
the framework of a financial project advances by the nigeriane part.


RIA " Novosti " also learned aupres from informees sources that the
Russian companies " Gazprom " and " Loukoil " are declarees enough
interessees has the realization of joint projects of extraction and
transformation of energy resources.  It should be noted that as
regards the gas and oil extraction, Nigeria appears among the first
ten countries in the world.