Panel discussion chaired by H.Ex. Olusegun Obasanjo, general, writer, entrepreneur and President of Nigeria in 1976-1979 and 1999-2007, one of the most distinguished African politicians of our time, took place June, 20. Obasanjo pointed to the key-role of the Soviet Union in Africa's struggle for independence: «A country needs knowledge and history to prosper. If we forget our history, we won't be able to use our knowledge». O. Obasanjo also commented the AfCFTA agreement
, which Nigeria has not signed yet. Among the reasons he mentions risks for domestic market and lack of awareness among the Nigerians: «The government did not arranged the consultations needed, did not explain the AfCFTA goals and the benefits it can bring to the Nigerians». He thinks, however, that Nigeria «has no choice but to sign [the agreement]».
Answering the RA Vision question about the third parties' role in Russia-Nigeria trade, Olusegun Obasanjo noted the growing number of Russian business in Nigeria. According to him, the rapid increase in the 2-way trade between Russia and Nigeria (+78% in 2018) with a relatively small amount of Russian companies working in Nigeria is due to the fact that a great number of them find local partners in order to protect their investments and ensure entreprise reliability. The other experts told RA Vision that the 2-way trade increase is now more due to the growth of stock markets through the global traders than to the Russian producers work in Nigeria.