Here,
$r$ is the radius of the inner circle
and
$R$ is the radius of the outer circle,
so $r < R$.
For a circumscribed $n$-gon
for a circle of radius
$r$,
the central half-angle is
$\pi/n$,
so the distance to the
outer point $d$
satisfies
$r/d
=\cos(pi/n)
$
or
$d
=r/\cos(pi/n)
$.
Therefore
$R
\ge r/\cos(pi/n)
$
or
$\cos(\pi/n)
\ge r/R
$
or
$\pi/n
\le \cos^{-1} r/R
$
or
$n
\ge \pi/\cos^{-1} r/R
$.
For an inscribed $n$-gon
in a circle of radius $R$,
if $d$ is the distance
to the center of the sides
of the $n$-gon,
$d/R
=\cos(\pi/n)
$.
Since the inner circle
can not be larger than
this $d$,
$r \le R\cos(\pi/n)$
or
$\cos(\pi/n)
\ge r/R
$
or,
again
$\pi/n
\le \cos^{-1}(r/R)
$
or
$n
\ge
\pi/\cos^{-1}(r/R)
$.
So
my bound is
$n
\ge
\pi/\cos^{-1}(r/R)
$.