Nigeria, June 5 -- After two historic Russia-Africa summits, several conferences and bilateral meetings intended to move Russia's relations from stagnation to growth, from low-level to another stage within the context of geopolitical competition and rivalry, has hit institutional obstacles including political bureaucracy and lack of prioritizing official policies. Russia's decision to quit the investment landscape could largely be attributed to African leaders' inability to create a favourable climate, unpreparedness to change rules and regulations for foreign corporate businesses to operate in Africa.

Despite its tectonic desire to raise investment in energy and food security, infrastructure and industrial projects, Russia has still lag...